Royal Bank of Canada Trims Canadian Pacific Kansas City (TSE:CP) Target Price to C$134.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective decreased by Royal Bank of Canada from C$137.00 to C$134.00 in a research report released on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other analysts have also commented on the stock. Citigroup set a C$97.00 price target on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Barclays lifted their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$120.93.

Canadian Pacific Kansas City Stock Down 0.3 %

TSE:CP opened at C$108.76 on Thursday. The firm has a market cap of C$101.49 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.32 and a beta of 0.79. 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 firm has a 50-day simple moving average of C$112.34 and a two-hundred day simple moving average of 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 analysts’ consensus estimates of C$1.01 by C$0.04. The business had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. Analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 5,480 shares of Canadian Pacific Kansas City stock in a transaction that occurred 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. In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were 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 the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. Insiders own 0.03% of the company’s stock.

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.