Canadian Pacific Kansas City (TSE:CP) Given New C$134.00 Price Target at ATB Capital

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price raised by ATB Capital from C$133.00 to C$134.00 in a research report report published on Thursday morning, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Desjardins raised their price objective on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Sanford C. Bernstein cut their price objective on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Barclays raised their target price on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, National Bankshares raised their target price on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$120.93.

Canadian Pacific Kansas City Trading Down 0.3 %

Shares of CP stock opened at C$108.76 on Thursday. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The company has a market cap of C$101.49 billion, a PE ratio of 29.16, a P/E/G ratio of 2.32 and a beta of 0.79. The stock’s fifty day moving average price is C$112.34 and its two-hundred day moving average price is C$111.60.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, beating the consensus estimate of C$1.01 by C$0.04. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. The company had revenue of C$3.60 billion for the quarter, compared to the consensus estimate of C$3.55 billion. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. 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.