Sanford C. Bernstein Issues Pessimistic Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target reduced by equities researchers at Sanford C. Bernstein from C$123.00 to C$122.00 in a note issued to investors on Friday,BayStreet.CA reports. Sanford C. Bernstein’s price objective would indicate a potential upside of 10.79% from the company’s previous close.

A number of other research firms have also issued reports on CP. National Bankshares boosted their price target on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. ATB Capital boosted their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Desjardins boosted their price target on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Loop Capital downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$123.86.

Canadian Pacific Kansas City Stock Down 0.4 %

TSE CP opened at C$110.12 on Friday. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The company’s 50 day simple moving average is C$109.12 and its 200 day simple moving average is C$109.66. Canadian Pacific Kansas City has a 12 month low of C$101.76 and a 12 month high of C$123.37. The company has a market capitalization of C$102.93 billion, a P/E ratio of 29.07, a PEG ratio of 2.32 and a beta of 0.79.

Insiders Place Their Bets

In other news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the business’s stock in a transaction on 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. Also, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Insiders sold 88,994 shares of company stock valued at $9,572,099 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

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.