Canadian Pacific Kansas City (TSE:CP) Sets New 52-Week High – Should You Buy?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) reached a new 52-week high on Thursday . The company traded as high as C$115.54 and last traded at C$113.94, with a volume of 1056843 shares trading hands. The stock had previously closed at C$113.80.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CP. Citigroup reduced their price target on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Natl Bk Canada downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Sanford C. Bernstein decreased their price target on Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. National Bank Financial dropped 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 research note on Thursday, January 8th. Finally, Desjardins set a C$130.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Thursday, January 29th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$118.62.

Canadian Pacific Kansas City Stock Performance

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 market cap of C$102.19 billion, a P/E ratio of 25.24, a PEG ratio of 2.32 and a beta of 0.88. The stock has a 50-day simple moving average of C$102.25 and a 200-day simple moving average of C$102.88.

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

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, insider Cassandra P. Quach sold 4,135 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$102.35, for a total transaction of C$423,217.25. 0.03% of the stock is owned by corporate 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.