Royal Bank of Canada Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$137.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective raised by Royal Bank of Canada from C$133.00 to C$137.00 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently issued reports on CP. ATB Capital boosted their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an outperform rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the company an overweight rating in a report on Wednesday, July 31st. Scotiabank upgraded shares of Canadian Pacific Kansas City from a sector perform rating to an outperform rating and increased their target price for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. TD Securities raised 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 report on Wednesday, July 31st. Finally, Desjardins increased their price target on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$121.93.

Canadian Pacific Kansas City Trading Down 1.5 %

Shares of CP stock opened at C$111.00 on Monday. The firm has a 50 day moving average price of C$112.30 and a two-hundred day moving average price of C$112.36. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The company has a market capitalization of C$103.58 billion, a PE ratio of 29.76, 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$94.45 and a 12-month high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.01 by C$0.04. The company had revenue of C$3.60 billion for the quarter, compared to analyst estimates of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. As a group, analysts predict that Canadian Pacific Kansas City will post 5.1435688 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, October 28th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. Over the last 90 days, insiders sold 87,105 shares of company stock valued at $9,340,938. 0.03% of the stock is currently owned by insiders.

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.