Canadian Pacific Kansas City (TSE:CP) PT Raised to C$130.00 at Raymond James

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target upped by investment analysts at Raymond James from C$120.00 to C$130.00 in a report released on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 8.54% from the stock’s previous close. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q1 2024 earnings at $0.94 EPS and FY2024 earnings at $4.35 EPS.

A number of other research analysts have also recently weighed in on the stock. Barclays raised their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. Scotiabank cut shares of Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$120.00 to C$126.00 in a research note on Monday, March 25th. Sanford C. Bernstein raised their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. BMO Capital Markets lifted their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. Finally, Royal Bank of Canada lifted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of C$120.88.

Canadian Pacific Kansas City Price Performance

CP stock opened at C$119.77 on Monday. The firm has a 50 day moving average of C$118.43 and a 200-day moving average of C$108.04. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. The company has a market cap of C$111.69 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.06. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. The business had revenue of C$3.78 billion during the quarter, compared to analysts’ expectations of C$3.66 billion. As a group, equities analysts expect that Canadian Pacific Kansas City will post 4.3266423 EPS for the current fiscal year.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total value of C$2,374,638.67. In related news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. Insiders have sold a total of 97,758 shares of company stock worth $10,774,715 in the last quarter. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Company Profile

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.