Stephens Upgrades Canadian Pacific Kansas City (TSE:CP) to Strong-Buy

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) was upgraded by equities researchers at Stephens from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other analysts also recently issued reports on CP. Barclays raised their price objective on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Desjardins cut their price objective on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Citigroup set a C$97.00 target price on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Wednesday, October 9th. National Bankshares upped their price target 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 report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$124.38.

Canadian Pacific Kansas City Stock Up 1.3 %

TSE CP opened at C$110.80 on Monday. Canadian Pacific Kansas City has a 52 week low of C$101.76 and a 52 week high of C$123.37. The firm has a market capitalization of C$103.39 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.32 and a beta of 0.79. 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 company has a fifty day moving average of C$106.37 and a two-hundred day moving average of C$109.62.

Insider Buying and Selling

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$307,694.64. Also, Senior Officer Keith E. Creel sold 51,727 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Insiders sold 70,284 shares of company stock worth $7,398,669 in the last three months. 0.03% of the stock is 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.