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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective raised by research analysts at Desjardins from C$141.00 to C$143.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 16.88% from the stock’s previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets increased their price objective on 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. ATB Cormark Capital Markets upped their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the company an “outperform” rating in a report on Thursday. National Bank Financial increased their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank Of Canada raised their price target on shares of Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Citizens Jmp upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of C$134.36.

Canadian Pacific Kansas City Trading Down 4.7%

Shares of TSE:CP traded down C$6.01 on Thursday, reaching C$122.35. 770,872 shares of the company traded hands, compared to its average volume of 1,449,028. The stock has a market capitalization of C$108.61 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. The business’s 50-day simple moving average is C$125.23 and its 200 day simple moving average is C$116.08. 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 has a 52 week low of C$96.50 and a 52 week high of C$131.89.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The company had revenue of C$4.16 billion during the quarter. As a group, equities analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider James Dominic Luther Clements sold 21,035 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$125.68, for a total value of C$2,643,678.80. Also, insider John Kenneth Brooks sold 65,130 shares of the firm’s stock in a transaction dated 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. In the last ninety days, insiders sold 99,515 shares of company stock worth $12,279,066. Company insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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.