Canadian Pacific Kansas City (TSE:CP) Stock Gets Price Target Reduction from Desjardins

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price cut by Desjardins from C$143.00 to C$141.00 in a report published on Thursday morning,BayStreet reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on the stock. Scotiabank increased their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. National Bank Financial boosted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$142.00 and gave the stock an “outperform” rating in a research note on Thursday. BMO Capital Markets lifted their price target on Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Citizens Jmp upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Canadian Pacific Kansas City from C$143.00 to C$150.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of C$139.41.

Canadian Pacific Kansas City Trading Up 1.3%

Shares of Canadian Pacific Kansas City stock opened at C$125.33 on Thursday. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$133.38. The stock has a market cap of C$108.98 billion, a P/E ratio of 28.94, a P/E/G ratio of 2.32 and a beta of 1.33. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 56.46. The business’s 50 day moving average is C$124.45 and its 200-day moving average is C$119.31.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 8.37%. The business had revenue of C$4.22 billion during the quarter. Equities research analysts predict that Canadian Pacific Kansas City will post 4.34 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 26th were given a $0.2680 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is presently 22.91%.

Insider Activity

In other news, insider Pamela Lynne Arpin sold 1,385 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of C$132.92, for a total transaction of C$184,094.20. Following the completion of the sale, the insider owned 4,578 shares in the company, valued at approximately C$608,507.76. This trade represents a 23.23% decrease in their position. Also, insider Mark Ashley Redd sold 52,000 shares of Canadian Pacific Kansas City stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the sale, the insider directly owned 2,199 shares of the company’s stock, valued at C$295,765.50. The trade was a 95.94% decrease in their position. Insiders have sold 78,015 shares of company stock valued at $10,505,115 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Canadian Pacific Kansas City News Summary

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Analyst targets remain mostly bullish. CIBC raised its target to C$150, while Scotia, National Bank Financial and ATB Cormark also increased or maintained targets between C$142 and C$150, with “outperform” ratings. Desjardins kept a “buy” rating despite trimming its target to C$141. CIBC price target article
• Positive Sentiment: Third-quarter revenue increased on higher shipment volumes. CP reported C$4.22 billion in quarterly revenue and C$1.28 in earnings per share, providing evidence of continued demand across its rail network. Q3 sales increase article
• Positive Sentiment: Coal-related business adds potential growth and revenue visibility. A new coal deal and the renewal of a rail-service agreement with Elk Valley Resources may support future volumes and strengthen CP’s position in the Canadian coal corridor. New coal deal article
• Neutral Sentiment: Citigroup raised its target to C$106 and retained a “buy” rating, but that target is below CP’s current trading level, signaling a more cautious valuation view than other analysts. Citigroup analyst rating
• Negative Sentiment: Higher fuel costs limited earnings growth. Reports characterized quarterly profits as flat or pressured despite higher revenue, raising concerns about near-term margin expansion. Canadian Pacific Kansas City rail earnings article

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.