Canadian Pacific Kansas City (TSE:CP) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$102.75 and traded as high as C$109.97. Canadian Pacific Kansas City shares last traded at C$109.82, with a volume of 1,503,056 shares traded.

Wall Street Analysts Forecast Growth

CP has been the subject of several recent research reports. ATB Capital raised their price target on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Canadian Imperial Bank of Commerce increased their price objective on 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. Royal Bank Of Canada dropped their price objective on Canadian Pacific Kansas City from C$127.00 to C$124.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Finally, TD Securities lowered their price target on shares of Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating for the company in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of C$118.62.

Canadian Pacific Kansas City Stock Performance

The company has a market cap of C$98.59 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 2.32 and a beta of 0.88. 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’s 50 day moving average price is C$101.62 and its 200 day moving average price is C$102.73.

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

Insider Activity at Canadian Pacific Kansas City

In related news, insider Cassandra P. Quach sold 4,135 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$102.35, for a total value of C$423,217.25. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Company Profile

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.