Canadian Pacific Kansas City Limited (TSE:CP) Receives C$130.43 Average Price Target from Analysts

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$130.43.

Several research firms have commented on CP. Desjardins raised their target price on shares of Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the company a “buy” rating in a report on Thursday, July 9th. BMO Capital Markets lifted their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Citizens Jmp upgraded Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 15th. National Bank Financial lifted their price objective on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Finally, ATB Cormark Capital Markets raised their target price on Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Director Katharine Berghuis Stevenson bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of C$118.37 per share, with a total value of C$118,370.00. Following the completion of the transaction, the director directly owned 3,000 shares in the company, valued at approximately C$355,110. The trade was a 50.00% increase in their position. Also, insider Maeghan Dawn Albiston sold 3,645 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$126.61, for a total value of C$461,493.45. Insiders sold a total of 99,515 shares of company stock valued at $12,279,066 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Canadian Pacific Kansas City Stock Performance

CP opened at C$130.32 on Friday. The business has a 50 day moving average of C$124.58 and a 200-day moving average of C$115.46. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. The stock has a market cap of C$115.69 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$131.89.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The company had revenue of C$3.70 billion for the quarter. On average, equities research analysts expect 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. Shareholders of record on Monday, July 27th will be paid a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date 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 (DPR) is presently 20.36%.

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.