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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target upped by Raymond James from C$120.00 to C$130.00 in a research note released on Monday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q1 2024 earnings at $0.94 EPS, Q2 2024 earnings at $1.03 EPS, Q3 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.35 EPS and FY2025 earnings at $5.15 EPS.

A number of other research firms also recently weighed in on CP. ATB Capital increased their price target 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. Barclays raised their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. BMO Capital Markets raised their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. Desjardins raised their target price on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a buy rating in a research note on Friday, April 12th. Finally, Sanford C. Bernstein raised their target price on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a hold rating in a research note on Monday, April 15th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of C$120.88.

Canadian Pacific Kansas City Stock Performance

TSE:CP opened at C$112.23 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. The company has a market cap of C$104.66 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.32 and a beta of 0.75. 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’s 50 day moving average is C$118.38 and its two-hundred day moving average is C$108.07.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.06. The company had revenue of C$3.78 billion for the quarter, compared to the consensus estimate of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. Analysts expect that Canadian Pacific Kansas City will post 4.3266423 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is 18.05%.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 1,500 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of C$122.15, for a total transaction of C$183,225.00. In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total value of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,500 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$122.15, for a total transaction of C$183,225.00. In the last three months, insiders sold 97,758 shares of company stock valued at $10,774,715. Corporate 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.