Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$130.00 at Raymond James

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective raised by investment analysts at Raymond James from C$120.00 to C$130.00 in a report issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 8.54% from the stock’s current price. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q1 2024 earnings at $0.94 EPS and FY2024 earnings at $4.35 EPS.

Other research analysts have also recently issued research reports about the stock. Desjardins boosted their price objective on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a “buy” rating in a report on Friday, April 12th. Barclays upped their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. BMO Capital Markets upped their price target on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. CIBC upped their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, March 27th. Finally, Scotiabank cut shares of Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$120.00 to C$126.00 in a report on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$120.88.

Canadian Pacific Kansas City Stock Up 1.1 %

Shares of TSE CP opened at C$119.77 on Monday. The stock has a market cap of C$111.69 billion, a P/E ratio of 28.45, a P/E/G ratio of 2.32 and a beta of 0.75. The firm has a 50 day moving average price of C$118.43 and a 200 day moving average price of C$108.04. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.06. The firm had revenue of C$3.78 billion during the quarter, compared to analysts’ expectations of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. Analysts expect that Canadian Pacific Kansas City will post 4.3266423 EPS for the current year.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 1,500 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$122.15, for a total transaction of C$183,225.00. In other news, Senior Officer Nadeem Velani sold 1,500 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$122.15, for a total value of C$183,225.00. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. Over the last three months, insiders have sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is currently owned by corporate 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.