Canadian Pacific Kansas City (TSE:CP) Given New C$122.00 Price Target at Royal Bank of Canada

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target lowered by investment analysts at Royal Bank of Canada from C$128.00 to C$122.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 21.32% from the company’s current price.

CP has been the subject of several other reports. Loop Capital downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. ATB Capital raised their price objective 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, January 30th. CIBC lowered their target price on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Desjardins lifted their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$123.00.

Canadian Pacific Kansas City Price Performance

Shares of CP traded up C$1.16 during trading hours on Monday, reaching C$100.56. 783,110 shares of the stock traded hands, compared to its average volume of 1,613,606. Canadian Pacific Kansas City has a 52-week low of C$97.52 and a 52-week high of C$121.35. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The company has a market cap of C$93.99 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company’s 50-day moving average price is C$109.68 and its two-hundred day moving average price is C$109.25.

Insiders Place Their Bets

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 currently owned by corporate 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.