CIBC Increases Canadian Pacific Kansas City (TSE:CP) Price Target to C$130.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target raised by equities researchers at CIBC from C$124.00 to C$130.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 8.85% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Desjardins boosted their target price on shares of Canadian Pacific Kansas City from C$108.00 to C$118.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Raymond James upped their price objective on shares of Canadian Pacific Kansas City from C$116.00 to C$120.00 in a report on Monday, January 22nd. National Bankshares upped their price objective on shares of Canadian Pacific Kansas City from C$107.00 to C$112.00 and gave the stock a “sector perform” rating in a report on Thursday, December 21st. ATB Capital upped their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$120.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Sanford C. Bernstein upped their price objective on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average target price of C$116.75.

Canadian Pacific Kansas City Trading Down 0.5 %

CP opened at C$119.43 on Wednesday. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. The firm has a market capitalization of C$111.37 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.32 and a beta of 0.77. The company’s 50 day moving average price is C$114.99 and its two-hundred day moving average price is C$105.97.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.06. The firm had revenue of C$3.78 billion for the quarter, compared to the consensus estimate of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. As a group, research analysts predict that Canadian Pacific Kansas City will post 4.3455344 earnings per share for the current year.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total value of C$930,859.57. In related news, Senior Officer Nadeem Velani sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$122.15, for a total value of C$183,225.00. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. Over the last ninety days, insiders have sold 37,833 shares of company stock valued at $3,612,023. 0.03% of the stock is currently owned by corporate 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.