Canadian Pacific Kansas City (TSE:CP) PT Raised to C$126.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price lifted by Sanford C. Bernstein from C$122.00 to C$126.00 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have a market perform rating on the stock.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the company an overweight rating in a report on Wednesday. Raymond James raised their price objective on 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. TD Securities increased their target price on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a hold rating in a research note on Wednesday. National Bankshares set a C$119.00 price target on shares of Canadian Pacific Kansas City and gave the company a sector perform rating in a research note on Thursday, June 27th. Finally, Scotiabank raised shares of Canadian Pacific Kansas City from a sector perform rating to an outperform rating and increased their price objective for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of Moderate Buy and an average price target of C$123.87.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at C$109.26 on Wednesday. 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 company has a market capitalization of C$101.91 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77. The firm’s 50-day moving average is C$109.40 and its two-hundred day moving average is C$112.69. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.77%.

Insider Activity

In related news, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$108.03, for a total transaction of C$6,473,511.98. In other news, Senior Officer Nadeem Velani sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$109.11, for a total value of C$349,155.84. Also, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total value of C$6,473,511.98. In the last three months, insiders sold 208,730 shares of company stock valued at $22,779,501. 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.