Desjardins Increases Canadian Pacific Kansas City (TSE:CP) Price Target to C$134.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target raised by Desjardins from C$133.00 to C$134.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 14.05% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. National Bankshares upped their price objective 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. ATB Capital increased their price target on Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup set a C$97.00 price objective on Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada boosted their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, UBS Group raised their price objective on shares of 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 given a strong buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Buy” and a consensus price target of C$124.07.

Canadian Pacific Kansas City Stock Up 3.4 %

TSE CP traded up C$3.85 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. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The stock has a market capitalization of C$109.63 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.32 and a beta of 0.79. The company’s fifty day moving average is C$107.39 and its 200 day moving average is C$109.87. Canadian Pacific Kansas City has a 52-week low of C$101.76 and a 52-week high of C$123.37.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 51,727 shares of the firm’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 James Dominic Luther Clements sold 15,657 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total value of C$1,664,359.45. Over the last ninety days, insiders sold 70,284 shares of company stock worth $7,398,669. 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.