Sanford C. Bernstein Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$114.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price lowered by Sanford C. Bernstein from C$121.00 to C$114.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Several other equities research analysts have also commented on the stock. Citigroup dropped their price objective on shares of Canadian Pacific Kansas City from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. TD Securities lifted their target price on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a report on Thursday, July 31st. Royal Bank Of Canada upped their price target on Canadian Pacific Kansas City from C$129.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Desjardins reduced their price objective on Canadian Pacific Kansas City from C$123.00 to C$120.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Finally, Raymond James Financial lifted their price objective on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$119.62.

Canadian Pacific Kansas City Trading Down 1.6%

TSE CP opened at C$99.80 on Tuesday. The firm has a market capitalization of C$89.90 billion, a PE ratio of 21.70, a P/E/G ratio of 2.32 and a beta of 0.98. The stock’s 50 day moving average is C$103.94 and its 200 day moving average is C$106.11. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$118.80. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$1.01 EPS for the quarter. The business had revenue of C$3.66 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%. Research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, October 27th were issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is currently 18.17%.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.