Canadian Pacific Kansas City (TSE:CP) Given New C$129.00 Price Target at UBS Group

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price hoisted by equities researchers at UBS Group from C$127.00 to C$129.00 in a report released on Thursday,BayStreet.CA reports. UBS Group’s price objective would indicate a potential upside of 9.80% from the stock’s current price.

CP has been the subject of several other research reports. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. ATB Capital raised 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. JPMorgan Chase & Co. boosted their price target on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Citigroup set a C$97.00 target price on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Desjardins dropped their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Buy” and an average price target of C$124.07.

Canadian Pacific Kansas City Stock Up 3.4 %

Shares of CP traded up C$3.85 during mid-day trading on Thursday, hitting C$117.49. 671,805 shares of the company’s stock were exchanged, compared to its average volume of 1,303,778. Canadian Pacific Kansas City has a 52 week low of C$101.76 and a 52 week high of C$123.37. The company has a market cap of C$109.63 billion, a PE ratio of 31.50, a P/E/G ratio of 2.32 and a beta of 0.79. 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 company has a 50-day simple moving average of C$107.39 and a 200 day simple moving average of C$109.87.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction dated 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 have sold 70,284 shares of company stock valued at $7,398,669 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

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.