Canadian Pacific Kansas City (TSE:CP) Price Target Cut to C$128.00 by Analysts at ATB Capital

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target reduced by analysts at ATB Capital from C$130.00 to C$128.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price target indicates a potential upside of 25.28% from the company’s current price.

A number of other analysts have also recently issued reports on CP. National Bankshares reduced their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a “sector perform” rating for the company in a research note on Thursday, April 3rd. Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Barclays lowered their price objective on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. Scotiabank cut their target price on Canadian Pacific Kansas City from C$128.00 to C$120.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada lowered their price target on Canadian Pacific Kansas City from C$128.00 to C$122.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$123.54.

Canadian Pacific Kansas City Trading Up 2.7 %

Shares of TSE:CP opened at C$102.17 on Friday. The stock has a 50 day moving average of C$106.58 and a 200 day moving average of C$107.96. The company has a market cap of C$95.50 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12-month low of C$94.60 and a 12-month high of C$120.62. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64.

Insider Activity

In other news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the firm’s stock in a transaction dated 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. Corporate insiders own 0.03% of the company’s stock.

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.