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

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eight have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$120.00.

A number of research analysts have commented on CP shares. Royal Bank Of Canada dropped their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. National Bankshares dropped their price target on Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 2nd. Finally, Scotiabank dropped their price target on Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 1st.

Insider Activity

In related news, Senior Officer Nadeem Velani sold 24,100 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of C$112.42, for a total transaction of C$2,709,322.00. Also, Senior Officer Mark Ashley Redd sold 6,485 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$109.23, for a total value of C$708,331.01. Insiders have sold 327,153 shares of company stock worth $36,292,042 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Stock Up 0.5%

CP opened at C$109.83 on Thursday. The business’s 50-day simple moving average is C$107.12 and its 200-day simple moving average is C$107.34. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$119.20. The stock has a market capitalization of C$102.66 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79.

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 Monday, July 28th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 0.83%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.06%.

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.