Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $128.00 at Royal Bank of Canada

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price boosted by Royal Bank of Canada from $124.00 to $128.00 in a report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Several other research analysts also recently weighed in on the company. Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Bank of America lowered their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Stephens boosted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Susquehanna dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

CP opened at $79.69 on Thursday. The firm has a market capitalization of $74.39 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business’s 50-day moving average is $75.25 and its two-hundred day moving average is $79.04. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Research analysts anticipate that Canadian Pacific Kansas City will post 3 earnings per share for the current fiscal year.

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors have recently bought and sold shares of CP. Allspring Global Investments Holdings LLC grew its stake in Canadian Pacific Kansas City by 281.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after acquiring an additional 2,532,519 shares during the period. National Bank of Canada FI raised its position in shares of Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after purchasing an additional 1,348,474 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Canadian Pacific Kansas City by 36.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,869,584 shares of the transportation company’s stock valued at $245,403,000 after buying an additional 769,202 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter worth about $63,179,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Canadian Pacific Kansas City by 39.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock valued at $172,132,000 after acquiring an additional 565,783 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.