Royal Bank of Canada Increases Canadian Pacific Kansas City (TSE:CP) Price Target to C$128.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target boosted by Royal Bank of Canada from C$124.00 to C$128.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently commented on CP. Stephens upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. UBS Group increased their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a report on Thursday. Desjardins reduced their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Scotiabank dropped their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday. Finally, ATB Capital lifted their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$124.07.

Canadian Pacific Kansas City Trading Up 1.7 %

Shares of CP stock opened at C$115.62 on Thursday. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The company has a market capitalization of C$107.89 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 52-week low of C$101.76 and a 52-week high of C$123.37. The company has a 50-day simple moving average of C$107.39 and a two-hundred day simple moving average of C$109.87.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.66%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$106.10, for a total value of C$307,694.64. In the last ninety days, insiders have sold 70,284 shares of company stock worth $7,398,669. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.