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 note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. National Bankshares lifted their target price on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Stephens raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday. Barclays lifted their price target on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Susquehanna upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$124.38.

Canadian Pacific Kansas City Stock Performance

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

Insider Buying and Selling at Canadian Pacific Kansas City

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

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.