Canadian Pacific Kansas City (CP) Set to Announce Quarterly Earnings on Tuesday

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) will be releasing its earnings data after the market closes on Tuesday, July 30th. Analysts expect Canadian Pacific Kansas City to post earnings of C$1.00 per share for the quarter.

Canadian Pacific Kansas City Stock Up 1.6 %

Shares of TSE:CP opened at C$113.79 on Monday. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37. The firm has a market capitalization of C$106.13 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.32 and a beta of 0.77. The stock has a 50 day moving average price of C$109.17 and a 200-day moving average price of C$112.45. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CP. Desjardins increased their target price on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Raymond James raised their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Barclays raised their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday, April 4th. Finally, Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$121.93.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 3,200 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$109.11, for a total transaction of C$349,155.84. In other news, Senior Officer Jeffrey Ellis sold 21,255 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of C$111.35, for a total value of C$2,366,646.48. Also, Senior Officer Nadeem Velani sold 3,200 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$109.11, for a total value of C$349,155.84. Over the last quarter, insiders sold 208,730 shares of company stock valued at $22,779,501. Company insiders own 0.03% of the company’s stock.

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.