Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$144.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price boosted by Raymond James Financial from C$140.00 to C$144.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

CP has been the subject of several other research reports. TD increased their price objective on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a report on Thursday. Citizens Jmp upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. BMO Capital Markets raised their price objective on 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. Finally, Desjardins boosted their price objective on Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$134.36.

Canadian Pacific Kansas City Stock Up 1.0%

Shares of TSE CP opened at C$124.52 on Thursday. The company has a market cap of C$110.54 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.32 and a beta of 1.28. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. Canadian Pacific Kansas City has a 12 month low of C$96.50 and a 12 month high of C$131.89. The stock has a 50-day moving average price of C$125.42 and a two-hundred day moving average price of C$116.30.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. The company had revenue of C$4.16 billion for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. As a group, analysts forecast that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 27th were issued a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is presently 20.36%.

Insider Activity

In other Canadian Pacific Kansas City news, insider James Dominic Luther Clements sold 21,035 shares of the company’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 value of C$2,643,678.80. Also, insider John Kenneth Brooks sold 65,130 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Over the last ninety days, insiders sold 99,515 shares of company stock worth $12,279,066. Company insiders own 0.03% of the company’s stock.

Key Stories Impacting Canadian Pacific Kansas City

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

• Positive Sentiment: Broad-based analyst optimism: Eight firms increased their price targets. The revisions range from C$134 to C$153, implying approximately 8.7% to 24.1% upside from the referenced C$123.31 share price. Most firms maintained or initiated bullish ratings, including “outperform” ratings from National Bank Financial, RBC, Raymond James, ATB Cormark and BMO, plus a “buy” rating from Desjardins. BayStreet.CA analyst ratings
• Positive Sentiment: JPMorgan delivered the largest increase: JPMorgan lifted its target from C$135 to C$153, representing the highest target among the updates and the greatest implied upside. BayStreet.CA analyst ratings
• Positive Sentiment: Other notable target increases: RBC raised its target to C$145 from C$139, BMO to C$145 from C$142, National Bank to C$140 from C$132, and Raymond James to C$144 from C$140. These revisions reinforce the view that CP’s current valuation may not fully reflect its growth prospects. TickerReport analyst ratings
• Neutral Sentiment: TD remained cautious: Although TD raised its target from C$128 to C$134, it retained a “hold” rating, suggesting that some analysts see more limited near-term upside after the stock’s recent gains. BayStreet.CA analyst ratings

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.