Scotiabank Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$143.00

Canadian Pacific Kansas City (TSE:CPGet Free Report) (NYSE:CP) had its price target lifted by analysts at Scotiabank from C$122.00 to C$143.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 9.44% from the company’s current price.

Other analysts have also recently issued research reports about the stock. ATB Cormark Capital Markets increased their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Sanford C. Bernstein lifted their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research note on Tuesday, March 31st. Desjardins upped their target price on shares of Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the company a “buy” rating in a report on Thursday, July 9th. TD raised their price target on Canadian Pacific Kansas City from C$117.00 to C$128.00 in a report on Friday, July 10th. Finally, Citizens Jmp upgraded Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$130.43.

Read Our Latest Research Report on CP

Canadian Pacific Kansas City Stock Performance

TSE:CP traded up C$3.57 during mid-day trading on Thursday, reaching C$130.66. 688,457 shares of the stock were exchanged, compared to its average volume of 1,457,923. The stock has a market capitalization of C$115.99 billion, a P/E ratio of 29.17, a P/E/G ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 1 year low of C$96.50 and a 1 year high of C$130.98. The company has a 50 day simple moving average of C$122.84 and a 200-day simple moving average of C$114.07. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35.

Canadian Pacific Kansas City (TSE:CPGet Free Report) (NYSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. The business had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. Analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Insider Transactions at Canadian Pacific Kansas City

In other news, insider Maeghan Dawn Albiston sold 3,645 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$126.61, for a total value of C$461,493.45. Also, insider John Kenneth Brooks sold 65,130 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Insiders sold 99,515 shares of company stock valued at $12,279,066 in the last quarter. 0.03% of the stock is owned by company insiders.

About Canadian Pacific Kansas City

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Canadian Pacific Kansas City (TSE:CP)

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