ATB Capital Increases Canadian Pacific Kansas City (TSE:CP) Price Target to C$133.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective upped by investment analysts at ATB Capital from C$130.00 to C$133.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price objective would indicate a potential upside of 15.00% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. TD Securities upped their price objective on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a research report on Wednesday. Desjardins increased their price objective on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the stock a “buy” rating in a report on Wednesday. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. boosted their price objective on Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Barclays lifted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of C$123.87.

Canadian Pacific Kansas City Price Performance

TSE CP traded up C$1.89 during trading hours on Wednesday, reaching C$115.65. The company’s stock had a trading volume of 824,508 shares, compared to its average volume of 1,280,884. The company’s 50-day moving average is C$109.26 and its two-hundred day moving average is C$112.58. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The stock has a market cap of C$107.87 billion, a PE ratio of 28.51, a PEG ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49.

Insider Activity

In other news, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$113.21, for a total transaction of C$6,783,869.55. In related news, Director Isabelle Courville sold 4,500 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of C$110.80, for a total transaction of C$498,600.00. Also, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$113.21, for a total value of C$6,783,869.55. Over the last ninety days, insiders sold 208,730 shares of company stock worth $22,779,501. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.