Canadian Pacific Kansas City (TSE:CP) Price Target Lowered to C$119.00 at National Bankshares

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target cut by equities research analysts at National Bankshares from C$121.00 to C$119.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 5.59% from the stock’s previous close.

Several other analysts have also weighed in on the company. Scotiabank cut their price objective on Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating for the company in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Desjardins raised their target price on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Stephens upped their price target on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Finally, BMO Capital Markets lifted their target price on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$120.63.

Canadian Pacific Kansas City Stock Up 0.4 %

Shares of TSE CP traded up C$0.47 during midday trading on Thursday, reaching C$112.70. 1,036,579 shares of the company’s stock were exchanged, compared to its average volume of 1,193,851. The stock has a market capitalization of C$105.10 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. The business’s fifty day moving average price is C$118.38 and its two-hundred day moving average price is C$108.07.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.02). The firm had revenue of C$3.52 billion for the quarter, compared to the consensus estimate of C$3.52 billion. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. Analysts forecast that Canadian Pacific Kansas City will post 4.3266423 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Nadeem Velani sold 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. Over the last ninety days, insiders have sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is currently owned by insiders.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.