Canadian Pacific Kansas City Limited (TSE:CP) Receives C$120.63 Consensus Target Price from Brokerages

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 covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$120.88.

A number of research firms recently commented on CP. ATB Capital raised their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. BMO Capital Markets raised their price objective on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. Sanford C. Bernstein raised their price objective on shares of Canadian Pacific Kansas City from C$118.00 to C$122.00 in a research note on Monday. Raymond James increased their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Finally, National Bankshares set a C$119.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a research report on Thursday, June 27th.

Insider Activity

In other news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. In related news, Senior Officer Nadeem Velani sold 3,200 shares of Canadian Pacific Kansas City stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$109.11, for a total transaction of C$349,155.84. Also, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. In the last three months, insiders have sold 208,730 shares of company stock worth $23,468,681. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.2 %

Canadian Pacific Kansas City stock opened at C$109.12 on Thursday. The stock has a market capitalization of C$101.78 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The company has a debt-to-equity ratio of 51.94, a current ratio of 0.49 and a quick ratio of 0.42. The firm has a 50 day simple moving average of C$108.53 and a 200-day simple moving average of C$111.73.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). The business 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%. As a group, equities research analysts expect that Canadian Pacific Kansas City will post 4.1603293 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 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.