Canadian Pacific Kansas City (TSE:CP) Rating Increased to Strong-Buy at Susquehanna

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) was upgraded by stock analysts at Susquehanna from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks.com reports.

Other research analysts have also recently issued reports about the company. Sanford C. Bernstein lowered their price target on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Royal Bank of Canada decreased their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities increased their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Citigroup set a C$97.00 price target on Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Desjardins lowered their target price on 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. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of C$120.93.

Canadian Pacific Kansas City Stock Down 1.5 %

TSE CP opened at C$107.18 on Thursday. The stock’s 50-day moving average price is C$112.38 and its 200-day moving average price is C$111.53. The company has a market capitalization of C$100.01 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its earnings results on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, topping analysts’ consensus estimates of C$1.01 by C$0.04. The company had revenue of C$3.60 billion for the quarter, compared to analysts’ expectations of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. On average, equities research analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value of C$436,796.55. 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.