Desjardins Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$130.00

Canadian Pacific Kansas City (TSE:CPFree Report) (NYSE:CP) had its target price lifted by Desjardins from C$118.00 to C$130.00 in a research report report published on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

CP has been the subject of a number of other reports. Stephens upped their price target on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an equal weight rating in a report on Thursday, January 4th. BMO Capital Markets upped their price target on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. CIBC upped their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an outperform rating in a research note on Wednesday, March 27th. Raymond James upped their price objective on shares of Canadian Pacific Kansas City from C$116.00 to C$120.00 in a research note on Monday, January 22nd. Finally, Barclays upped their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$120.19.

Read Our Latest Stock Analysis on CP

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at C$118.55 on Friday. The firm has a 50-day moving average price of C$117.96 and a 200 day moving average price of C$107.21. The firm has a market capitalization of C$110.55 billion, a PE ratio of 28.16, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37.

Canadian Pacific Kansas City (TSE:CPGet Free Report) (NYSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.06. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. The company had revenue of C$3.78 billion during the quarter, compared to the consensus estimate of C$3.66 billion. On average, sell-side analysts anticipate that Canadian Pacific Kansas City will post 4.3266423 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.05%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer Nadeem Velani sold 1,500 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$122.15, for a total value of C$183,225.00. In related news, Senior Officer Nadeem Velani sold 1,500 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of C$122.15, for a total value of C$183,225.00. Also, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total value of C$7,162,691.43. Insiders sold 97,758 shares of company stock valued at $10,774,715 over the last three months. 0.03% of the stock is owned by corporate insiders.

About Canadian Pacific Kansas City

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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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Analyst Recommendations for Canadian Pacific Kansas City (TSE:CP)

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