Canadian Pacific Kansas City (TSE:CP) Stock Rating Upgraded by Wolfe Research

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

Several other research firms have also commented on CP. Royal Bank of Canada reduced their price target on shares of 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. National Bankshares lifted their price target 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. Desjardins reduced their price objective on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Stephens upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Three equities 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’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Buy” and a consensus target price of C$124.38.

Canadian Pacific Kansas City Price Performance

TSE CP opened at C$108.49 on Wednesday. Canadian Pacific Kansas City has a one year low of C$101.76 and a one year high of C$123.37. The stock has a 50-day moving average of C$106.38 and a 200 day moving average of C$109.63. 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 company has a market capitalization of C$101.23 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.32 and a beta of 0.79.

Insider Buying and Selling

In related news, Senior Officer James Dominic Luther Clements sold 15,657 shares of Canadian Pacific Kansas City 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 transaction of C$1,664,359.45. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business’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. Insiders have sold a total of 70,284 shares of company stock valued at $7,398,669 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Canadian Pacific Kansas City Company Profile

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.