TD Securities Has Lowered Expectations for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price decreased by equities researchers at TD Securities from C$119.00 to C$116.00 in a note issued to investors on Friday,BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 15.24% from the company’s previous close.

A number of other research analysts have also recently issued reports on CP. Natl Bk Canada cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. ATB Capital raised their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Scotiabank lowered their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Royal Bank Of Canada increased their price objective on shares of Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, CIBC boosted their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$119.85.

Canadian Pacific Kansas City Price Performance

TSE:CP traded up C$0.03 during mid-day trading on Friday, reaching C$100.66. The stock had a trading volume of 526,232 shares, compared to its average volume of 1,759,817. Canadian Pacific Kansas City has a 12 month low of C$94.60 and a 12 month high of C$118.80. The stock has a market capitalization of C$90.68 billion, a PE ratio of 21.88, a P/E/G ratio of 2.32 and a beta of 0.88. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The stock has a 50-day simple moving average of C$100.83 and a two-hundred day simple moving average of C$103.64.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, October 29th. The company reported C$1.10 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The firm had revenue of C$3.66 billion for the quarter. On average, equities analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.