Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$128.00 at Royal Bank Of Canada

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price boosted by Royal Bank Of Canada from C$124.00 to C$128.00 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on the company. BMO Capital Markets upped their price objective on Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research report on Thursday, February 19th. Citigroup lowered their target price 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. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Desjardins set a C$130.00 price objective on Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Scotiabank upped their price target on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$119.86.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP opened at C$109.43 on Thursday. The company has a debt-to-equity ratio of 50.54, a quick ratio of 0.42 and a current ratio of 0.49. The company has a market cap of C$98.26 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.32 and a beta of 1.14. Canadian Pacific Kansas City has a 52-week low of C$94.60 and a 52-week high of C$122.25. The firm’s fifty day moving average is C$110.02 and its two-hundred day moving average is C$105.09.

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

Canadian Pacific Kansas City Announces Dividend

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

Insider Activity

In related news, insider John Kenneth Brooks sold 14,845 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of C$103.53, for a total value of C$1,536,902.85. Also, Director Marc Parent bought 13,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average price of C$102.00 per share, with a total value of C$1,326,000.00. Following the completion of the purchase, the director directly owned 13,933 shares in the company, valued at C$1,421,166. This represents a 1,393.35% increase in their ownership of the stock. Corporate insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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.