Citigroup Issues Positive Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by Citigroup from C$102.00 to C$106.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Citigroup‘s price objective points to a potential downside of 14.02% from the stock’s previous close.

A number of other brokerages have also recently issued reports on CP. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Pacific Kansas City from C$143.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research note on Thursday, July 30th. National Bank Financial raised their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$142.00 and gave the stock an “outperform” rating in a report on Thursday. Scotiabank boosted their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Desjardins upped their price objective on shares of Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of C$139.41.

Canadian Pacific Kansas City Trading Down 1.9%

TSE:CP traded down C$2.42 during mid-day trading on Thursday, hitting C$123.28. 1,015,036 shares of the company’s stock were exchanged, compared to its average volume of 1,374,610. The company has a 50 day simple moving average of C$124.69 and a 200-day simple moving average of C$119.06. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.38. The firm has a market capitalization of C$108.37 billion, a P/E ratio of 28.67, a PEG ratio of 2.32 and a beta of 1.33.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The firm had revenue of C$4.22 billion during the quarter. As a group, research analysts expect that Canadian Pacific Kansas City will post 4.34 earnings per share for the current year.

Insider Activity

In other Canadian Pacific Kansas City news, insider Laird Joseph Pitz sold 24,630 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total value of C$3,327,020.40. Also, insider Pamela Lynne Arpin sold 1,385 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of C$132.92, for a total value of C$184,094.20. Following the sale, the insider directly owned 4,578 shares of the company’s stock, valued at C$608,507.76. This represents a 23.23% decrease in their position. Insiders sold 78,015 shares of company stock valued at $10,505,115 over the last three months. Insiders own 0.03% of the company’s stock.

More Canadian Pacific Kansas City News

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Analysts raised their valuation outlook. CIBC lifted its price target to C$150, while Stifel Nicolaus reiterated a “buy” rating and set the same target. These targets imply meaningful upside from recent trading levels and indicate confidence in CP’s long-term growth prospects. CIBC price target article
• Positive Sentiment: CP renewed its rail service agreement with Elk Valley Resources. The coal deal should provide additional volume and revenue visibility, while supporting the company’s diversified cross-border freight strategy. Elk Valley Resources agreement
• Positive Sentiment: Third-quarter revenue increased on higher freight volumes. CP reported C$4.22 billion in quarterly revenue and earnings of C$1.28 per share, showing continued demand for its rail services. CP third-quarter sales article
• Neutral Sentiment: Operating profitability was mixed. CP’s reported net margin was 25.04% and return on equity was 8.35%, but earnings were broadly flat as higher costs offset revenue gains. CP earnings and fuel costs article
• Negative Sentiment: Higher fuel expenses pressured quarterly earnings. The cost inflation limited the benefit of stronger volumes and revenue, raising concerns about near-term margin expansion. CP Q3 earnings and fuel costs

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.