Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$120.00

Canadian Pacific Kansas City (TSE:CPFree Report) (NYSE:CP) had its price objective raised by ATB Capital from C$117.00 to C$120.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

CP has been the subject of a number of other research reports. CIBC decreased their price target on Canadian Pacific Kansas City from C$126.00 to C$124.00 and set an outperform rating for the company in a report on Wednesday. TD Securities upped their price target on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a hold rating in a report on Wednesday. National Bank Financial decreased their price target on Canadian Pacific Kansas City from C$110.00 to C$109.00 in a report on Wednesday, October 4th. Sanford C. Bernstein upped their price target on Canadian Pacific Kansas City from C$107.00 to C$112.00 and gave the stock an outperform rating in a report on Monday, January 22nd. Finally, Raymond James increased their target price on Canadian Pacific Kansas City from C$116.00 to C$120.00 in a research note on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of Moderate Buy and an average price target of C$115.69.

View Our Latest Report on CP

Canadian Pacific Kansas City Stock Up 0.6 %

Shares of TSE:CP opened at C$112.09 on Wednesday. The company has a debt-to-equity ratio of 53.04, a quick ratio of 0.42 and a current ratio of 0.53. Canadian Pacific Kansas City has a 1 year low of C$94.45 and a 1 year high of C$112.96. The stock has a market capitalization of C$104.44 billion, a P/E ratio of 25.08, a PEG ratio of 1.70 and a beta of 0.78. The stock has a 50-day simple moving average of C$103.59 and a 200-day simple moving average of C$103.35.

Canadian Pacific Kansas City (TSE:CPGet Free Report) (NYSE:CP) last released its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.06. The firm had revenue of C$3.78 billion during the quarter, compared to analysts’ expectations of C$3.66 billion. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. Equities analysts forecast that Canadian Pacific Kansas City will post 4.4033374 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.00%.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 49,875 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$98.48, for a total transaction of C$4,911,490.50. Corporate insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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

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Analyst Recommendations for Canadian Pacific Kansas City (TSE:CP)

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