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 reduced by analysts at Scotiabank from C$130.00 to C$128.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 8.70% from the company’s current price.

Several other research firms have also weighed in on CP. Susquehanna raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Stephens raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. ATB Capital boosted their price target on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Citigroup set a C$97.00 price target on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three 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. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Buy” and a consensus price target of C$124.23.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP traded up C$4.11 during trading on Thursday, hitting C$117.75. 509,438 shares of the stock traded hands, compared to its average volume of 1,295,385. 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 market cap of C$109.87 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a fifty day moving average price of C$107.39 and a two-hundred day moving average price of C$109.87. Canadian Pacific Kansas City has a 52-week low of C$101.76 and a 52-week high of C$123.37.

Insider Buying and Selling at Canadian Pacific Kansas City

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 shares were sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$106.10, for a total transaction of C$307,694.64. Insiders have sold 70,284 shares of company stock valued at $7,398,669 over the last 90 days. 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.