Canadian Pacific Kansas City Limited (TSE:CP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$120.88.

Several brokerages have recently issued reports on CP. Scotiabank cut Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$120.00 to C$126.00 in a research note on Monday, March 25th. Desjardins raised their price objective on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. BMO Capital Markets raised their price objective on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, Stephens lifted their price target on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. In related news, Senior Officer John Kenneth Brooks sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. In the last ninety days, insiders sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is currently owned by corporate insiders.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at C$112.23 on Friday. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37. The stock’s 50-day moving average is C$118.38 and its 200 day moving average is C$108.07. The company has a market cap of C$104.66 billion, a P/E ratio of 26.66, a PEG ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, topping the consensus estimate of C$1.12 by C$0.06. The business had revenue of C$3.78 billion during the quarter, compared to the consensus estimate of C$3.66 billion. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. Research analysts predict that Canadian Pacific Kansas City will post 4.3266423 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.05%.

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.