ATB Cormark Capital Markets Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$130.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price hoisted by equities research analysts at ATB Cormark Capital Markets from C$127.00 to C$130.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 16.59% from the stock’s previous close.

CP has been the topic of a number of other reports. BMO Capital Markets increased their price objective on Canadian Pacific Kansas City from C$126.00 to C$132.00 in a report on Thursday, February 19th. National Bank Financial upped their target price on Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Wednesday. Desjardins lowered their target price on Canadian Pacific Kansas City from C$130.00 to C$129.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Citigroup lowered their target price on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Finally, TD upped their target price on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a “hold” rating in a research note on Monday. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of C$120.64.

Canadian Pacific Kansas City Trading Up 1.5%

CP traded up C$1.66 during trading hours on Friday, reaching C$111.50. 502,015 shares of the company’s stock traded hands, compared to its average volume of 1,614,999. Canadian Pacific Kansas City has a 52-week low of C$96.50 and a 52-week high of C$122.25. The firm has a market capitalization of C$100.05 billion, a PE ratio of 24.72, a PEG ratio of 2.32 and a beta of 1.13. The firm has a 50-day moving average price of C$112.78 and a 200 day moving average price of C$105.80. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 50.54.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share for the quarter. The business had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.46%. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, insider John Kenneth Brooks sold 14,845 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of C$103.53, for a total transaction of C$1,536,902.85. Also, Director Marc Parent purchased 13,000 shares of the stock in a transaction on Friday, January 30th. The shares were acquired at an average price of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the transaction, the director directly owned 13,933 shares of the company’s stock, valued at C$1,421,166. This represents a 1,393.35% increase in their position. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.