Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target raised by analysts at Raymond James Financial from C$125.00 to C$140.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 8.12% from the stock’s current price.

Several other equities research analysts have also commented on CP. Sanford C. Bernstein upped their price objective on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research report on Tuesday, March 31st. BMO Capital Markets boosted their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Barclays increased their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. Royal Bank Of Canada raised their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Finally, Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of C$128.93.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP traded up C$0.15 during trading on Tuesday, reaching C$129.49. 429,714 shares of the company traded hands, compared to its average volume of 1,461,096. The firm’s fifty day simple moving average is C$122.34 and its 200 day simple moving average is C$113.70. The stock has a market cap of C$114.95 billion, a P/E ratio of 28.90, a PEG ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$129.57. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 52.35.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The business had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. As a group, research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Katharine Berghuis Stevenson purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of C$118.37 per share, with a total value of C$118,370.00. Following the purchase, the director owned 3,000 shares of the company’s stock, valued at C$355,110. The trade was a 50.00% increase in their ownership of the stock. Also, insider John Kenneth Brooks sold 65,130 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Over the last ninety days, insiders have sold 99,515 shares of company stock worth $12,279,066. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.