Canadian Pacific Kansas City (TSE:CP) Cut to Hold at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. UBS Group increased their price objective on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a report on Thursday, May 1st. Barclays decreased their price objective on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd. Raymond James decreased their price objective on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Finally, CIBC increased their price objective on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$120.00.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at C$112.22 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The company has a market cap of C$104.89 billion, a PE ratio of 29.63, a P/E/G ratio of 2.32 and a beta of 0.79. The business has a 50 day moving average of C$105.00 and a 200 day moving average of C$106.96. Canadian Pacific Kansas City has a 52 week low of C$94.60 and a 52 week high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 0.81%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.19. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.06%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 170,227 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$110.59, for a total value of C$18,825,910.53. Also, Senior Officer Mark Ashley Redd sold 6,485 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of C$109.23, for a total value of C$708,331.01. In the last ninety days, insiders sold 243,053 shares of company stock worth $26,964,714. 0.03% of the stock is owned by corporate insiders.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.