Canadian Pacific Kansas City Limited (NYSE:CP) Stock Has Consensus Price Target of $107.80

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given an average rating of “Moderate Buy” by the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $111.83.

CP has been the topic of several analyst reports. Canadian Imperial Bank of Commerce increased their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 24th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Finally, Wells Fargo & Company increased their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently added to or reduced their stakes in the stock. Sacks & Associates LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $306,000. Legacy Wealth Asset Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 9.6% in the third quarter. Legacy Wealth Asset Management LLC now owns 9,760 shares of the transportation company’s stock valued at $831,000 after purchasing an additional 856 shares during the period. Pacifica Partners Inc. grew its holdings in shares of Canadian Pacific Kansas City by 19.9% in the third quarter. Pacifica Partners Inc. now owns 2,400 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 398 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Canadian Pacific Kansas City by 5.5% in the third quarter. GAMMA Investing LLC now owns 3,704 shares of the transportation company’s stock valued at $315,000 after purchasing an additional 193 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 384.7% in the third quarter. Farther Finance Advisors LLC now owns 11,322 shares of the transportation company’s stock valued at $964,000 after purchasing an additional 8,986 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $85.58 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City has a 1 year low of $68.42 and a 1 year high of $96.90. The business has a fifty day simple moving average of $89.92 and a 200 day simple moving average of $87.70. The firm has a market cap of $74.89 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.77 and a beta of 1.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 3.70 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a C$0.27 dividend. This represents a $1.07 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is 24.76%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.