Scotiabank Issues Pessimistic Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target decreased by analysts at Scotiabank from C$130.00 to C$128.00 in a research note issued to investors on Monday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 16.99% from the company’s current price.

Several other brokerages have also recently weighed in on CP. National Bankshares upped their price objective on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price target on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Citigroup set a C$97.00 price objective on Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on 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. Finally, Barclays lifted their price target on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Buy” and a consensus target price of C$124.23.

Canadian Pacific Kansas City Price Performance

Shares of CP traded up C$1.14 on Monday, reaching C$109.41. 397,009 shares of the stock traded hands, compared to its average volume of 1,305,223. The stock’s 50-day moving average is C$106.19. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The firm has a market cap of C$102.09 billion, a price-to-earnings ratio of 29.33, 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$101.76 and a 12 month high of C$123.37.

Insiders Place Their Bets

In related news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total value of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Insiders have sold 70,284 shares of company stock valued at $7,398,669 in the last three months. 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.