National Bank Financial Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) had its price target upped by research analysts at National Bank Financial from C$132.00 to C$140.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 14.43% from the company’s previous close.

Several other equities analysts have also issued reports on CP. Royal Bank Of Canada lifted their price target on Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. BMO Capital Markets lifted their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Raymond James Financial increased their price objective on shares of Canadian Pacific Kansas City from C$125.00 to C$140.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a report on Thursday. Finally, Scotiabank raised their price objective on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$134.36.

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Canadian Pacific Kansas City Price Performance

Shares of TSE:CP traded down C$6.01 during trading on Thursday, reaching C$122.35. 770,872 shares of the company traded hands, compared to its average volume of 1,449,028. The firm has a market capitalization of C$108.61 billion, a PE ratio of 27.31, a PEG ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 52 week low of C$96.50 and a 52 week high of C$131.89. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. The company’s 50 day moving average is C$125.23 and its two-hundred day moving average is C$116.08.

Canadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$1.27 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The business had revenue of C$4.16 billion during the quarter. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, 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 value of C$7,961,491.20. Also, insider Cassandra P. Quach sold 4,015 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$124.82, for a total transaction of C$501,152.30. Insiders sold a total of 99,515 shares of company stock valued at $12,279,066 in the last 90 days. Company insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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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.

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