National Bankshares Has Lowered Expectations for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective dropped by National Bankshares from C$123.00 to C$118.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 18.53% from the company’s previous close.

Several other research firms have also issued reports on CP. ATB Capital boosted their price target on shares of 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. Royal Bank of Canada dropped their target price on Canadian Pacific Kansas City from C$128.00 to C$122.00 and set an “outperform” rating on the stock in a research report on Monday. Stephens upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Loop Capital cut Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 3rd. Finally, Sanford C. Bernstein reduced their target price on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$124.36.

Canadian Pacific Kansas City Stock Performance

CP stock traded down C$4.29 during midday trading on Thursday, hitting C$99.55. The company’s stock had a trading volume of 1,282,771 shares, compared to its average volume of 1,622,704. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The stock has a market cap of C$93.05 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 1 year low of C$97.52 and a 1 year high of C$121.35. The stock’s 50-day moving average price is C$109.12 and its 200 day moving average price is C$109.03.

Insiders Place Their Bets

In other news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total transaction of C$2,173,430.39. 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.