Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Price Target at C$119.57

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$119.86.

A number of research firms have recently weighed in on CP. TD Securities dropped their target price on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Citigroup lowered their price objective on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Desjardins set a C$130.00 price objective on Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, BMO Capital Markets upped their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research report on Thursday, February 19th.

Insider Activity at Canadian Pacific Kansas City

In related news, insider John Kenneth Brooks sold 14,845 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of C$103.53, for a total value of C$1,536,902.85. Also, Director Marc Parent acquired 13,000 shares of Canadian Pacific Kansas City stock in a transaction on Friday, January 30th. The stock was acquired at an average cost of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the completion of the purchase, the director owned 13,933 shares of the company’s stock, valued at approximately C$1,421,166. The trade was a 1,393.35% increase in their position. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at C$108.64 on Friday. The company has a debt-to-equity ratio of 50.54, a current ratio of 0.49 and a quick ratio of 0.42. The firm has a market cap of C$97.48 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.32 and a beta of 1.14. The firm has a 50 day simple moving average of C$110.17 and a 200 day simple moving average of C$105.11. Canadian Pacific Kansas City has a fifty-two week low of C$94.60 and a fifty-two week high of C$122.25.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The firm had revenue of C$3.92 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.46%. Sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 27th will be paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 19.38%.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.