Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Target Price at C$121.93

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$123.87.

CP has been the topic of a number of analyst reports. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. TD Securities increased their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Desjardins increased their price target on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Raymond James increased their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets raised their target price on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research report on Monday, April 8th.

Insider Buying and Selling

In related news, Director Isabelle Courville sold 4,500 shares of Canadian Pacific Kansas City stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$110.80, for a total transaction of C$498,600.00. In other news, Director Isabelle Courville sold 4,500 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$110.80, for a total value of C$498,600.00. Also, Senior Officer Jeffrey Ellis sold 21,255 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of C$111.35, for a total value of C$2,366,646.48. Over the last ninety days, insiders sold 208,730 shares of company stock valued at $22,779,501. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at C$109.26 on Monday. The business has a 50-day moving average of C$109.40 and a 200 day moving average of C$112.75. 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 price-to-earnings ratio of 26.98, a price-to-earnings-growth 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 Dividend Announcement

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

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.