Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$120.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target raised by TD Securities from C$115.00 to C$120.00 in a research report released on Wednesday, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other brokerages have also commented on CP. Scotiabank upgraded shares of Canadian Pacific Kansas City from a sector perform rating to an outperform rating and boosted their target price for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the stock an overweight rating in a report on Wednesday. ATB Capital increased their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an outperform rating in a report on Wednesday, April 10th. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from C$118.00 to C$122.00 in a research note on Monday, July 8th. Finally, Raymond James raised their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an outperform rating in a research note on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of Moderate Buy and an average price target of C$123.87.

Canadian Pacific Kansas City Stock Down 2.0 %

CP opened at C$109.26 on Wednesday. The business has a 50 day simple moving average of C$109.40 and a 200-day simple moving average of C$112.69. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The stock has a market capitalization of C$101.91 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 51.94, a current ratio of 0.49 and a quick ratio of 0.42.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.77%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’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 Keith E. Creel sold 59,925 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$113.21, for a total value of C$6,783,869.55. Also, Senior Officer Nadeem Velani sold 3,200 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$109.11, for a total value of C$349,155.84. In the last ninety days, insiders have sold 208,730 shares of company stock worth $22,779,501. Corporate insiders own 0.03% of the company’s stock.

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.