CIBC Lowers Canadian Pacific Kansas City (TSE:CP) Price Target to C$124.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective cut by investment analysts at CIBC from C$128.00 to C$124.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential upside of 19.80% from the company’s previous close.

A number of other research firms also recently weighed in on CP. Stephens upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. 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 research note on Thursday, January 30th. Loop Capital cut Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. Wolfe Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, UBS Group upped their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of C$123.43.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down C$1.46 during mid-day trading on Tuesday, hitting C$103.51. 738,210 shares of the company traded hands, compared to its average volume of 1,594,854. The stock has a fifty day moving average price of C$110.05 and a 200-day moving average price of C$109.57. The stock has a market cap of C$96.75 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a one year low of C$101.76 and a one year high of C$121.35. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the stock in a transaction on 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. 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.