Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$122.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target lifted by Scotiabank from C$120.00 to C$122.00 in a research note published on Thursday, Marketbeat reports. The brokerage currently has a hold rating on the stock.

Other analysts also recently issued reports about the stock. Sanford C. Bernstein increased their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research report on Tuesday, March 31st. Desjardins cut their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$129.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Royal Bank Of Canada increased their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 in a research report on Thursday, March 26th. TD Securities cut their price objective on shares of Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Finally, Citigroup cut their price objective on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.08.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at C$111.69 on Thursday. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$122.25. The company’s 50-day moving average is C$112.33 and its 200 day moving average is C$105.58. The company has a market capitalization of C$100.22 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13. The company has a debt-to-equity ratio of 50.54, a quick ratio of 0.42 and a current ratio of 0.49.

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

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, April 27th will be issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 19.38%.

Insider Transactions at Canadian Pacific Kansas City

In other news, insider John Kenneth Brooks sold 14,845 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were 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 company’s stock in a transaction dated Friday, January 30th. The shares were bought at an average cost of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the acquisition, the director owned 13,933 shares in the company, valued at approximately C$1,421,166. The trade was a 1,393.35% increase in their ownership of the stock. Company insiders own 0.03% of the company’s stock.

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.