CIBC Has Lowered Expectations for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective trimmed by CIBC from C$128.00 to C$124.00 in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CP has been the subject of a number of other reports. Scotiabank lowered their price objective on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. Royal Bank of Canada boosted their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Desjardins raised their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a “buy” rating in a report on Thursday, January 30th. UBS Group boosted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research note on Thursday, January 30th. Finally, Loop Capital cut Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$123.43.

Canadian Pacific Kansas City Trading Down 1.5 %

CP opened at C$103.40 on Tuesday. The business has a fifty day moving average price of C$109.98 and a 200 day moving average price of C$109.51. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 12 month low of C$101.76 and a 12 month high of C$121.35. The stock has a market capitalization of C$96.65 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.06%.

Insider Activity

In other news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total value of C$2,173,430.39. 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.