Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$125.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective upped by Sanford C. Bernstein from C$117.00 to C$125.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Several other equities analysts also recently issued reports on the stock. Desjardins set a C$130.00 price objective on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Thursday, January 29th. National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. TD Securities reduced their price target on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a research note on Thursday, January 29th. BMO Capital Markets raised their price objective on Canadian Pacific Kansas City from C$126.00 to C$132.00 in a report on Thursday, February 19th. Finally, Royal Bank Of Canada lifted their price objective on Canadian Pacific Kansas City from C$124.00 to C$128.00 in a research report on Thursday, March 26th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$120.23.

Canadian Pacific Kansas City Stock Up 1.3%

CP stock opened at C$109.83 on Tuesday. 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 company’s 50 day simple moving average is C$110.93 and its 200-day simple moving average is C$105.25. Canadian Pacific Kansas City has a 12 month low of C$94.60 and a 12 month high of C$122.25. The firm has a market capitalization of C$98.55 billion, a PE ratio of 24.35, a P/E/G ratio of 2.32 and a beta of 1.14.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results 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%. Equities analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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

Insider Buying and Selling

In related news, Director Marc Parent acquired 13,000 shares of the stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the purchase, the director directly owned 13,933 shares of the company’s stock, valued at approximately C$1,421,166. This represents a 1,393.35% increase in their ownership of the stock. Also, insider John Kenneth Brooks sold 14,845 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of C$103.53, for a total value of C$1,536,902.85. Company insiders own 0.03% of the company’s stock.

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.