Canadian Pacific Kansas City (TSE:CP) Price Target Lowered to C$124.00 at CIBC

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price dropped by investment analysts at CIBC from C$128.00 to C$124.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 18.41% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Stephens raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. UBS Group upped their price objective on Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research note on Thursday, January 30th. Loop Capital lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. Sanford C. Bernstein dropped their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. Finally, Scotiabank reduced their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of C$123.43.

Canadian Pacific Kansas City Stock Up 1.3 %

CP stock opened at C$104.72 on Tuesday. Canadian Pacific Kansas City has a 12-month low of C$101.76 and a 12-month high of C$121.35. The company has a 50 day moving average of C$109.95 and a two-hundred day moving average of C$109.45. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The company has a market cap of C$97.88 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.32 and a beta of 0.79.

Insider Buying and Selling

In related news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total value of C$2,173,430.39. 0.03% of the stock is currently owned by corporate 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.