Canadian Pacific Kansas City Limited (TSE:CP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$120.63.

A number of brokerages recently issued reports on CP. ATB Capital increased 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 report on Wednesday, April 10th. Desjardins increased their target price on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Raymond James raised their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. TD Securities raised their price objective on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Finally, Scotiabank lowered their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating for the company in a research report on Thursday, April 25th.

Canadian Pacific Kansas City Trading Down 1.1 %

Shares of CP stock opened at C$110.94 on Wednesday. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37. The stock has a market cap of C$103.47 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49. The firm has a fifty day moving average of C$117.05 and a 200-day moving average of C$109.33.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). The business had revenue of C$3.52 billion during the quarter, compared to analyst estimates of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 28.26% and a return on equity of 9.36%. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 4.2982664 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 18.18%.

Insider Buying and Selling

In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total value of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,500 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$122.15, for a total transaction of C$183,225.00. Insiders have sold 178,938 shares of company stock valued at $19,925,231 in the last 90 days. 0.03% of the stock is owned by 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.