Scotiabank Issues Positive Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price increased by research analysts at Scotiabank from C$119.00 to C$124.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 25.25% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. CIBC lifted their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. National Bankshares lowered their price objective on Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 8th. Natl Bk Canada cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Royal Bank Of Canada lifted their target price on Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Sanford C. Bernstein cut their price target on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.23.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP traded up C$1.91 during trading hours on Wednesday, reaching C$99.00. 870,627 shares of the stock were exchanged, compared to its average volume of 1,702,033. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The stock’s fifty day simple moving average is C$100.83 and its 200 day simple moving average is C$103.35. Canadian Pacific Kansas City has a 52 week low of C$94.60 and a 52 week high of C$118.80. The firm has a market capitalization of C$89.18 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 2.32 and a beta of 0.88.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$1.10 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The firm had revenue of C$3.66 billion during the quarter. Sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.