Scotiabank Lowers Canadian Pacific Kansas City (TSE:CP) Price Target to C$128.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective decreased by equities research analysts at Scotiabank from C$130.00 to C$128.00 in a report issued on Monday,BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 16.99% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. ATB Capital lifted their price target on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Sanford C. Bernstein dropped their price objective on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. National Bankshares increased their target price on 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. JPMorgan Chase & Co. boosted their price target on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Desjardins decreased their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$124.23.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded up C$1.14 on Monday, hitting C$109.41. The company’s stock had a trading volume of 397,009 shares, compared to its average volume of 1,305,223. Canadian Pacific Kansas City has a fifty-two week low of C$101.76 and a fifty-two week high of C$123.37. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42. The business has a 50 day simple moving average of C$106.19. The company has a market cap of C$102.09 billion, a P/E ratio of 29.33, a PEG ratio of 2.32 and a beta of 0.79.

Insiders Place Their Bets

In other news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total value of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total value of C$5,426,615.01. Insiders sold a total of 70,284 shares of company stock valued at $7,398,669 in the last 90 days. Corporate 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.