Canadian Pacific Kansas City (TSE:CP) Upgraded by Stephens to Strong-Buy Rating

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) was upgraded by equities researchers at Stephens from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. upped their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Desjardins dropped their price objective on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. National Bankshares raised their target price on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Barclays upped their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada dropped their price objective on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$124.38.

Canadian Pacific Kansas City Trading Up 1.3 %

Shares of CP stock opened at C$110.80 on Monday. The company has a market capitalization of C$103.39 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a twelve month low of C$101.76 and a twelve month high of C$123.37. The business’s 50 day moving average is C$106.37 and its two-hundred day moving average is C$109.62. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of Canadian Pacific Kansas City stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$307,694.64. Over the last 90 days, insiders have sold 70,284 shares of company stock valued at $7,398,669. 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.