National Bankshares Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$118.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target decreased by National Bankshares from C$123.00 to C$118.00 in a research report report published on Thursday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other research firms have also recently issued reports on CP. ATB Capital lifted their price objective on Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Desjardins increased their price objective on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Barclays cut their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday. Sanford C. Bernstein decreased their target price on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. Finally, Stephens upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of C$124.36.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$99.86 on Thursday. The company’s fifty day moving average is C$108.52 and its two-hundred day moving average is C$108.72. The company has a market cap of C$93.34 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12-month low of C$96.80 and a 12-month high of C$121.35. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 20.06%.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total transaction of C$2,173,430.39. 0.03% of the stock is owned by corporate insiders.

About Canadian Pacific Kansas City

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.