Canadian Pacific Kansas City (TSE:CP) Price Target Cut to C$129.00 by Analysts at Desjardins

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective cut by Desjardins from C$130.00 to C$129.00 in a research report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also issued reports on CP. Scotiabank boosted their price objective on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. National Bank Financial lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Sanford C. Bernstein raised their target price on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research note on Tuesday. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Finally, TD Securities lowered their price target on shares of Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of C$120.57.

Canadian Pacific Kansas City Price Performance

CP opened at C$109.47 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 50.54. The company’s 50-day moving average price is C$110.56 and its 200 day moving average price is C$105.20. Canadian Pacific Kansas City has a fifty-two week low of C$94.60 and a fifty-two week high of C$122.25. The firm has a market cap of C$98.23 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.32 and a beta of 1.14.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. The company had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.46%. As a group, sell-side analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 27th will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, insider John Kenneth Brooks sold 14,845 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of C$103.53, for a total transaction of C$1,536,902.85. Also, Director Marc Parent purchased 13,000 shares of the stock in a transaction dated Friday, January 30th. The shares were acquired at an average cost of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the completion of the acquisition, the director directly owned 13,933 shares of the company’s stock, valued at approximately C$1,421,166. This trade represents a 1,393.35% increase in their position. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.