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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective raised by Sanford C. Bernstein from C$118.00 to C$122.00 in a research report sent to investors on Monday, BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. Scotiabank cut their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a sector perform rating for the company in a report on Thursday, April 25th. Barclays boosted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. Desjardins boosted their price objective on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a buy rating in a report on Friday, April 12th. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$121.25.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at C$113.49 on Monday. The company has a market capitalization of C$105.85 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49. The company has a 50-day simple moving average of C$108.68 and a 200 day simple moving average of C$111.74. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, April 24th. The company reported C$0.93 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.02). The company had revenue of C$3.52 billion for the quarter, compared to the consensus estimate of C$3.52 billion. Canadian Pacific Kansas City had a return on equity of 9.36% and a net margin of 28.26%. On average, sell-side analysts predict that Canadian Pacific Kansas City will post 4.1603293 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is 18.77%.

Insider Buying and Selling

In related news, Senior Officer Keith E. Creel sold 59,925 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$113.21, for a total transaction of C$6,783,869.55. In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$109.11, for a total value of C$349,155.84. Also, Senior Officer Keith E. Creel sold 59,925 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$113.21, for a total transaction of C$6,783,869.55. Insiders sold a total of 148,805 shares of company stock worth $16,305,989 in the last three months. 0.03% of the stock is owned by corporate insiders.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.