Canadian Pacific Kansas City (NYSE:CP) Given New $130.00 Price Target at Raymond James

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target raised by Raymond James from $120.00 to $130.00 in a report released on Monday, Benzinga reports. Raymond James currently has an outperform rating on the transportation company’s stock.

CP has been the subject of several other reports. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a buy rating and a $105.00 price target for the company. Susquehanna reduced their target price on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a neutral rating for the company in a research note on Thursday, March 28th. StockNews.com raised shares of Canadian Pacific Kansas City from a sell rating to a hold rating in a research note on Wednesday, January 31st. Barclays boosted their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Finally, Bank of America boosted their target price on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a buy rating in a research note on Wednesday, April 10th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $97.22.

Canadian Pacific Kansas City Trading Up 2.1 %

NYSE CP opened at $86.44 on Monday. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58. The company has a 50-day simple moving average of $87.14 and a 200-day simple moving average of $79.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market capitalization of $80.62 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. On average, equities analysts forecast that Canadian Pacific Kansas City will post 3.21 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a $0.1415 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 17.83%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Canadian Pacific Kansas City by 12.1% in the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after purchasing an additional 133 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 4.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after purchasing an additional 141 shares in the last quarter. Commerce Bank raised its holdings in shares of Canadian Pacific Kansas City by 0.3% in the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after purchasing an additional 144 shares in the last quarter. Accretive Wealth Partners LLC raised its holdings in shares of Canadian Pacific Kansas City by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after purchasing an additional 145 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after purchasing an additional 148 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.