Sanford C. Bernstein Issues Positive Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target increased by Sanford C. Bernstein from C$120.00 to C$121.00 in a research report report published on Tuesday,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. National Bankshares increased their price objective on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a research note on Thursday, September 18th. Citigroup cut their price target on Canadian Pacific Kansas City from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Desjardins decreased their price objective on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a “buy” rating for the company in a report on Thursday, July 31st. CIBC dropped their target price on Canadian Pacific Kansas City from C$124.00 to C$122.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Finally, Raymond James Financial lifted their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$119.77.

Canadian Pacific Kansas City Price Performance

Shares of TSE CP opened at C$103.65 on Tuesday. Canadian Pacific Kansas City has a 52 week low of C$94.60 and a 52 week high of C$118.80. The business’s 50 day moving average price is C$103.79 and its 200 day moving average price is C$105.67. 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 firm has a market cap of C$95.15 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.32 and a beta of 1.08.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is presently 17.77%.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Pamela Lynne Arpin sold 8,500 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of C$109.81, for a total transaction of C$933,389.25. 0.03% of the stock is owned by 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.