Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP) declared a quarterly dividend on Monday, July 29th, Wall Street Journal reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.1373 per share by the transportation company on Monday, October 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, September 27th.
Canadian Pacific Kansas City has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Canadian Pacific Kansas City to earn $3.74 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 15.0%.
Canadian Pacific Kansas City Stock Performance
NYSE CP opened at $82.12 on Wednesday. The company has a market cap of $76.62 billion, a P/E ratio of 26.32, a PEG ratio of 2.32 and a beta of 0.96. The company has a fifty day simple moving average of $79.73 and a 200 day simple moving average of $82.72. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Sanford C. Bernstein increased their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Bank of America cut their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target for the company. Finally, Stifel Nicolaus boosted their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.
View Our Latest Stock Report on CP
Canadian Pacific Kansas City Company Profile
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.
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