Canadian Pacific Kansas City (TSE:CP) Upgraded by Stephens to “Hold” Rating

Stephens upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on CP. Royal Bank Of Canada upped their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their target price on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research note on Thursday, April 30th. Scotiabank raised their price target on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock a “hold” rating in a research report on Thursday, April 9th. Raymond James Financial raised their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, TD increased their price objective on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a “hold” rating in a report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$125.86.

Canadian Pacific Kansas City Trading Up 0.5%

Shares of CP opened at C$126.74 on Wednesday. The firm has a market cap of C$112.51 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 2.32 and a beta of 1.28. The company has a debt-to-equity ratio of 52.35, a quick ratio of 0.42 and a current ratio of 0.67. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$127.50. The firm has a 50 day moving average price of C$121.69 and a 200-day moving average price of C$113.15.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. The company had revenue of C$3.70 billion during the quarter. As a group, equities research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 27th will be given a dividend of $0.268 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio is 20.36%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Director Katharine Berghuis Stevenson acquired 1,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of C$118.37 per share, for a total transaction of C$118,370.00. Following the completion of the acquisition, the director owned 3,000 shares in the company, valued at C$355,110. This trade represents a 50.00% increase in their ownership of the stock. Also, insider James Dominic Luther Clements sold 21,035 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Insiders have sold a total of 99,515 shares of company stock valued at $12,279,066 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Canadian Pacific Kansas City Company Profile

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.