Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$130.00 at ATB Capital

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price boosted by analysts at ATB Capital from C$129.00 to C$130.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s target price points to a potential upside of 10.65% from the company’s previous close.

A number of other research firms have also weighed in on CP. UBS Group raised their price objective on Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research report on Thursday. National Bankshares increased their price objective on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Desjardins cut their price objective on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Scotiabank dropped their target price on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday. Finally, Stephens raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Buy” and an average target price of C$124.07.

Canadian Pacific Kansas City Stock Up 3.4 %

Shares of TSE CP traded up C$3.85 during mid-day trading on Thursday, hitting C$117.49. 671,805 shares of the stock traded hands, compared to its average volume of 1,303,778. The stock has a fifty day moving average price of C$107.39 and a 200-day moving average price of C$109.87. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The company has a market cap of C$109.63 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 52 week low of C$101.76 and a 52 week high of C$123.37.

Insider Buying and Selling

In other news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$106.10, for a total value of C$307,694.64. Also, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Over the last quarter, insiders sold 70,284 shares of company stock worth $7,398,669. Corporate insiders own 0.03% of the company’s stock.

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.