Canadian Pacific Kansas City (TSE:CP) Director Marc Parent Buys 13,000 Shares

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Director Marc Parent purchased 13,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average cost of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the acquisition, the director directly owned 13,933 shares in the company, valued at C$1,421,166. This trade represents a 1,393.35% increase in their position.

Canadian Pacific Kansas City Price Performance

Shares of TSE CP opened at C$114.10 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The stock has a fifty day simple moving average of C$102.70 and a two-hundred day simple moving average of C$103.01. Canadian Pacific Kansas City Limited has a 1-year low of C$94.60 and a 1-year high of C$115.54. The firm has a market cap of C$102.43 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. The firm had revenue of C$3.92 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. Analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.

Analyst Ratings Changes

CP has been the subject of several recent research reports. Desjardins set a C$130.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research note on Thursday, January 29th. Citigroup cut their price objective on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. dropped their target price on Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, National Bank Financial cut their price target on Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating for the company in a report on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$118.62.

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.