Stifel analyst Benjamin Nolan has revised the price target for Canadian Pacific Kansas City (CP, Financial), lowering it from $85 to $79 while maintaining a Hold rating on the stock. The adjustment comes as carload volumes for the first quarter showed varied performance across operators but were not significantly negative overall.
Nolan anticipates that the company's upcoming results will align with or perhaps fall slightly short of prior expectations. However, he suggests that the primary concern for Canadian Pacific Kansas City isn't related to these quarterly results. Instead, issues stemming from developments in Washington, D.C. are likely to have a more substantial impact on the firm moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Canadian Pacific Kansas City Ltd (CP, Financial) is $88.94 with a high estimate of $115.81 and a low estimate of $73.29. The average target implies an upside of 20.92% from the current price of $73.55. More detailed estimate data can be found on the Canadian Pacific Kansas City Ltd (CP) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Canadian Pacific Kansas City Ltd's (CP, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Canadian Pacific Kansas City Ltd (CP, Financial) in one year is $104.51, suggesting a upside of 42.09% from the current price of $73.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Canadian Pacific Kansas City Ltd (CP) Summary page.
