Scotiabank Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$120.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price lowered by Scotiabank from C$128.00 to C$120.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 16.37% from the stock’s previous close.

CP has been the topic of several other research reports. Royal Bank of Canada lowered their price objective on shares of Canadian Pacific Kansas City from C$128.00 to C$122.00 and set an “outperform” rating on the stock in a research report on Monday. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. UBS Group upped their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research report on Thursday, January 30th. CIBC lowered their price target on shares of Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Finally, ATB Capital raised their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$124.43.

Canadian Pacific Kansas City Trading Up 1.4 %

TSE:CP traded up C$1.41 on Wednesday, reaching C$103.12. 622,736 shares of the stock traded hands, compared to its average volume of 1,613,807. Canadian Pacific Kansas City has a 1-year low of C$97.52 and a 1-year high of C$121.35. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The company’s 50 day moving average is C$109.30 and its 200-day moving average is C$109.10. The firm has a market capitalization of C$96.39 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79.

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 currently owned by corporate insiders.

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.