ATB Capital Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP had its price target lifted by analysts at ATB Capital from C$129.00 to C$130.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. ATB Capital's target price points to a potential upside of 19.38% from the company's previous close.

CP has been the topic of several other research reports. Wolfe Research raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 8th. Desjardins dropped their target price on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein reduced their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Royal Bank of Canada reduced their price objective on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, National Bankshares boosted their price target on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Buy" and an average target price of C$124.07.

Canadian Pacific Kansas City Stock Down 5.7 %

CP traded down C$6.60 on Thursday, reaching C$108.90. The company had a trading volume of 4,238,126 shares, compared to its average volume of 1,488,560. The stock's 50-day simple moving average is C$107.86. The company has a market cap of C$101.62 billion, a PE ratio of 29.20, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 1 year low of C$101.76 and a 1 year high of C$123.37. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$106.10, for a total transaction of C$307,694.64. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of the firm's stock in a transaction that occurred 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. Over the last ninety days, insiders sold 88,994 shares of company stock worth $9,572,099. 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.