Scotiabank Issues Pessimistic Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price cut by equities researchers at Scotiabank from C$128.00 to C$120.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 16.37% from the company’s previous close.

CP has been the topic of several other reports. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. Desjardins increased their price objective on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. Royal Bank of Canada cut their price objective on shares of 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. Finally, CIBC dropped their price target on shares of Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, three have issued 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 currently has an average rating of “Moderate Buy” and a consensus target price of C$124.43.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP traded up C$1.41 during midday trading on Wednesday, hitting C$103.12. 622,736 shares of the company’s stock were exchanged, compared to its average volume of 1,613,807. The firm has a market cap of C$96.39 billion, a P/E ratio of 27.22, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The stock’s 50 day moving average price is C$109.30 and its 200-day moving average price is C$109.10. Canadian Pacific Kansas City has a twelve month low of C$97.52 and a twelve month high of C$121.35.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the 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 insiders.

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.