Canadian Pacific Kansas City (TSE:CP) Upgraded to “Strong-Buy” at Wolfe Research

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) was upgraded by equities research analysts at Wolfe Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

CP has been the subject of a number of other research reports. Barclays increased their price objective on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. raised their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. National Bankshares boosted their price target on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Desjardins reduced their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Buy” and an average price target of C$124.38.

Canadian Pacific Kansas City Stock Down 1.1 %

Shares of TSE:CP opened at C$109.63 on Wednesday. The business has a 50-day moving average price of C$106.39 and a 200 day moving average price of C$109.62. Canadian Pacific Kansas City has a 12-month low of C$101.76 and a 12-month high of C$123.37. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The company has a market capitalization of C$102.30 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.32 and a beta of 0.79.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total value of C$5,426,615.01. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Insiders have sold 70,284 shares of company stock valued at $7,398,669 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

About Canadian Pacific Kansas City

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.