Royal Bank of Canada Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$137.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective increased by research analysts at Royal Bank of Canada from C$133.00 to C$137.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 18.94% from the stock’s current price.

A number of other brokerages have also recently commented on CP. Barclays raised their price target on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. ATB Capital upped their price objective on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Desjardins raised their price objective on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Sanford C. Bernstein increased their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$121.93.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down C$0.36 during trading hours on Monday, hitting C$115.18. 396,582 shares of the company traded hands, compared to its average volume of 1,297,330. The firm’s 50-day simple moving average is C$112.44 and its two-hundred day simple moving average is C$112.57. The firm has a market cap of C$107.48 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. The business had revenue of C$3.60 billion for the quarter, compared to analyst estimates of C$3.55 billion. As a group, analysts forecast that Canadian Pacific Kansas City will post 5.090035 earnings per share for the current fiscal year.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. Also, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total value of C$6,473,511.98. In the last quarter, insiders sold 87,105 shares of company stock valued at $9,340,938. 0.03% of the stock is 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.