Desjardins Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$132.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target lifted by equities research analysts at Desjardins from C$131.00 to C$132.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 14.34% from the stock’s previous close.

Other analysts have also issued reports about the stock. Raymond James increased their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the company a “sector perform” rating in a research note on Thursday, June 27th. ATB Capital boosted their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Finally, BMO Capital Markets boosted their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research report on Monday, April 8th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of C$123.60.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP traded up C$1.69 during trading hours on Wednesday, hitting C$115.45. 791,744 shares of the company’s stock traded hands, compared to its average volume of 1,280,665. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37. The company has a market cap of C$107.68 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77. The company’s fifty day simple moving average is C$109.26 and its two-hundred day simple moving average is C$112.58. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of C$105.26, for a total transaction of C$6,307,717.49. In other news, Senior Officer Jeffrey Ellis sold 21,255 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of C$111.35, for a total value of C$2,366,646.48. Also, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of C$105.26, for a total value of C$6,307,717.49. Over the last three months, insiders sold 208,730 shares of company stock valued at $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.