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 during mid-day trading on Thursday . The stock traded as high as C$115.54 and last traded at C$113.94, with a volume of 1056843 shares. The stock had previously closed at C$113.80.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Desjardins set a C$130.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Thursday, January 29th. ATB Capital lifted their price objective on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Canadian Imperial Bank of Commerce boosted their price objective on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Natl Bk Canada downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, 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 on the stock in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$118.62.

Canadian Pacific Kansas City Trading Up 0.0%

The business has a 50 day moving average of C$102.25 and a two-hundred day moving average of C$102.88. The firm 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 company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. The firm 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%. Analysts predict 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 firm’s stock in a transaction that occurred 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 currently owned by corporate insiders.

About Canadian Pacific Kansas City

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.