National Bankshares Issues Pessimistic Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective reduced by investment analysts at National Bankshares from C$123.00 to C$118.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential upside of 18.53% from the stock’s current price.

A number of other research analysts have also weighed in on CP. Desjardins raised 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. UBS Group upped their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research note on Thursday, January 30th. CIBC reduced their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. 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, Scotiabank decreased their price objective on Canadian Pacific Kansas City from C$128.00 to C$120.00 and set an “outperform” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$124.36.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down C$4.29 during trading hours on Thursday, hitting C$99.55. The company’s stock had a trading volume of 1,282,771 shares, compared to its average volume of 1,622,704. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. Canadian Pacific Kansas City has a 12-month low of C$97.52 and a 12-month high of C$121.35. The business has a 50 day moving average price of C$109.12 and a two-hundred day moving average price of C$109.03. The company has a market cap of C$93.05 billion, a PE ratio of 26.28, a PEG ratio of 2.32 and a beta of 0.79.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was 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.