Canadian Pacific Kansas City (TSE:CP) PT Raised to C$97.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target increased by Barclays from C$95.00 to C$97.00 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on CP. ATB Capital boosted their price objective on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. Sanford C. Bernstein lifted their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the company a market perform rating in a research note on Wednesday, July 31st. National Bankshares set a C$119.00 target price on shares of Canadian Pacific Kansas City and gave the stock a sector perform rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. lifted their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the company an overweight rating in a research note on Wednesday, July 31st. Finally, Desjardins raised their target price on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a buy rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$121.67.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at C$115.54 on Wednesday. The stock has a market capitalization of C$107.81 billion, a PE ratio of 30.89, a PEG ratio of 2.32 and a beta of 0.79. The business’s 50 day simple moving average is C$112.44 and its 200 day simple moving average is C$112.63. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, topping the consensus estimate of C$1.01 by C$0.04. The company had revenue of C$3.60 billion during the quarter, compared to analysts’ expectations of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. As a group, research analysts forecast that Canadian Pacific Kansas City will post 5.090035 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, October 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.32%.

Insider Activity

In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. Also, Senior Officer Keith E. Creel sold 59,925 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$108.03, for a total value of C$6,473,511.98. Insiders have sold 87,105 shares of company stock worth $9,340,938 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.