Canadian Pacific Kansas City (CP) Set to Announce Quarterly Earnings on Tuesday

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) will announce its earnings results after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of C$1.00 per share for the quarter.

Canadian Pacific Kansas City Trading Up 1.6 %

Shares of Canadian Pacific Kansas City stock opened at C$113.79 on Monday. The firm has a 50-day simple moving average of C$109.17 and a two-hundred day simple moving average of C$112.45. The company has a market cap of C$106.13 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49.

Analyst Ratings Changes

A number of research analysts have weighed in on CP shares. ATB Capital upped their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Barclays boosted their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. Finally, Raymond James boosted their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$121.93.

Insider Activity

In other news, Senior Officer Nadeem Velani sold 3,200 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$109.11, for a total value of C$349,155.84. In other news, Senior Officer Nadeem Velani sold 3,200 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$109.11, for a total value of C$349,155.84. Also, Director Isabelle Courville sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of C$110.80, for a total transaction of C$498,600.00. Insiders sold a total of 208,730 shares of company stock valued at $22,779,501 in the last 90 days. Company 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.