Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Target Price at C$119.57

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$119.57.

Several equities research analysts have recently commented on the stock. TD Securities decreased their target price on shares of Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. Citigroup dropped their price target on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Desjardins set a C$130.00 price objective on Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada lowered their price objective on Canadian Pacific Kansas City from C$127.00 to C$124.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Finally, National Bank Financial lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th.

Canadian Pacific Kansas City Stock Performance

TSE CP opened at C$109.16 on Friday. The company has a market cap of C$98.02 billion, a P/E ratio of 24.20, a PEG ratio of 2.32 and a beta of 1.14. The company has a fifty day simple moving average of C$109.41 and a 200 day simple moving average of C$105.00. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 50.54. Canadian Pacific Kansas City has a 12-month low of C$94.60 and a 12-month high of C$122.25.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 27.46% and a return on equity of 8.90%. The firm had revenue of C$3.92 billion for the quarter. Sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 27th will be given a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 19.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Director Marc Parent acquired 13,000 shares of the business’s stock in a transaction on Friday, January 30th. The shares were purchased at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the acquisition, the director directly owned 13,933 shares of the company’s stock, valued at C$1,421,166. The trade was a 1,393.35% increase in their ownership of the stock. Also, insider John Kenneth Brooks sold 14,845 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of C$103.53, for a total transaction of C$1,536,902.85. 0.03% of the stock is currently owned by company insiders.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.