Scotiabank Issues Positive Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price upped by analysts at Scotiabank from C$119.00 to C$124.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 25.25% from the company’s current price.

Several other brokerages have also weighed in on CP. National Bankshares decreased their target price on shares of 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. ATB Capital raised their price target on shares of 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. Royal Bank Of Canada upped their price objective on Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Desjardins cut their target price on Canadian Pacific Kansas City from C$133.00 to C$130.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Finally, Natl Bk Canada cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$120.23.

Canadian Pacific Kansas City Stock Performance

TSE:CP traded up C$1.91 during midday trading on Wednesday, reaching C$99.00. The stock had a trading volume of 870,627 shares, compared to its average volume of 1,702,033. The stock has a market capitalization of C$89.18 billion, a P/E ratio of 21.52, a PEG ratio of 2.32 and a beta of 0.88. Canadian Pacific Kansas City has a 1-year low of C$94.60 and a 1-year high of C$118.80. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The firm’s fifty day simple moving average is C$100.83 and its 200-day simple moving average is C$103.35.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, October 29th. The company reported C$1.10 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The business had revenue of C$3.66 billion during the quarter. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

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.