Canadian Pacific Kansas City (TSE:CP) Price Target Lowered to C$124.00 at Scotiabank

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective trimmed by Scotiabank from C$126.00 to C$124.00 in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

CP has been the subject of several other research reports. BMO Capital Markets increased their price target on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. TD Securities increased their price target on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the company a hold rating in a research note on Wednesday, January 31st. National Bankshares increased their price target on Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research note on Thursday, April 4th. Barclays increased their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. Finally, Sanford C. Bernstein increased their price target on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a hold rating in a research note on Monday, April 15th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of C$120.63.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at C$111.63 on Thursday. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The business has a 50-day simple moving average of C$118.24 and a two-hundred day simple moving average of C$108.31. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. The stock has a market cap of C$104.10 billion, a PE ratio of 26.52, a PEG ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The firm had revenue of C$3.52 billion during the quarter, compared to analyst estimates of C$3.52 billion. Analysts anticipate that Canadian Pacific Kansas City will post 4.3266423 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a $0.19 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.76 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is currently 18.05%.

Insiders Place Their Bets

In other news, Senior Officer John Kenneth Brooks sold 27,505 shares of the firm’s stock in a transaction that occurred on 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. In related news, 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 transaction of C$930,859.57. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total value of C$2,374,638.67. Over the last quarter, insiders have sold 97,758 shares of company stock worth $10,774,715. Corporate 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.