Royal Bank of Canada Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target upped by stock analysts at Royal Bank of Canada from C$124.00 to C$128.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 8.95% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Desjardins decreased their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Scotiabank reduced their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a report on Thursday. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, UBS Group lifted their price target on Canadian Pacific Kansas City from C$127.00 to C$129.00 in a report on Thursday. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$124.07.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded up C$3.85 during trading hours on Thursday, reaching C$117.49. The company had a trading volume of 671,805 shares, compared to its average volume of 1,303,778. Canadian Pacific Kansas City has a 12-month low of C$101.76 and a 12-month high of C$123.37. The company has a market capitalization of C$109.63 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The stock has a fifty day moving average of C$107.39 and a 200-day moving average of C$109.87.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 51,727 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total value of C$5,426,615.01. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$307,694.64. Insiders sold 70,284 shares of company stock valued at $7,398,669 over the last ninety days. 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.