Canadian Pacific Kansas City (TSE:CP) Given New C$124.00 Price Target at CIBC

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective decreased by analysts at CIBC from C$128.00 to C$124.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 19.80% from the company’s current price.

Several other equities analysts also recently weighed in on CP. Scotiabank lowered their target price on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. Desjardins lifted their price objective on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 3rd. Sanford C. Bernstein lowered their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. Finally, Royal Bank of Canada increased their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$123.43.

Canadian Pacific Kansas City Stock Performance

CP traded down C$1.46 during trading on Tuesday, hitting C$103.51. The company’s stock had a trading volume of 738,210 shares, compared to its average volume of 1,594,854. The business’s 50 day simple moving average is C$110.05 and its 200-day simple moving average is C$109.57. The firm has a market cap of C$96.75 billion, a PE ratio of 27.33, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a one year low of C$101.76 and a one year high of C$121.35. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of Canadian Pacific Kansas City stock in a transaction on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total transaction of C$2,173,430.39. 0.03% of the stock is owned by 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.