Canadian Pacific Kansas City (TSE:CP) Given a C$130.00 Price Target by Desjardins Analysts

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) received a C$130.00 price target from stock analysts at Desjardins in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 27.25% from the company’s previous close.

Several other analysts have also commented on CP. Natl Bk Canada lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. CIBC increased their price target on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. ATB Capital increased their target price on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. TD Securities cut their price target on shares of Canadian Pacific Kansas City from C$119.00 to C$116.00 in a report on Friday, January 16th. Finally, Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$118.62.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up C$4.88 during mid-day trading on Thursday, reaching C$102.16. The company had a trading volume of 1,951,077 shares, compared to its average volume of 1,672,649. The stock has a market capitalization of C$92.03 billion, a P/E ratio of 22.21, a PEG ratio of 2.32 and a beta of 0.88. Canadian Pacific Kansas City has a 52-week low of C$94.60 and a 52-week high of C$118.80. The stock has a 50 day moving average of C$100.85 and a two-hundred day moving average of C$102.90. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The company had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. On average, analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insider Activity

In other news, insider Cassandra P. Quach sold 4,135 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$102.35, for a total value of C$423,217.25. 0.03% of the stock is owned by corporate insiders.

Canadian Pacific Kansas City Company Profile

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.