Canadian Pacific Kansas City Limited (TSE:CP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have been given an average rating of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$125.86.

A number of brokerages recently weighed in on CP. National Bank Financial lifted their price target on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Sanford C. Bernstein boosted their price objective on shares of Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research report on Tuesday, March 31st. ATB Cormark Capital Markets increased their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a research report on Friday, April 17th. TD lifted their target price on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a “hold” rating in a research note on Monday, April 13th. Finally, Raymond James Financial boosted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd.

Insider Transactions at Canadian Pacific Kansas City

In other news, Director Katharine Berghuis Stevenson acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of C$118.37 per share, for a total transaction of C$118,370.00. Following the completion of the acquisition, the director owned 3,000 shares of the company’s stock, valued at approximately C$355,110. This represents a 50.00% increase in their position. Also, insider Maeghan Dawn Albiston sold 5,690 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$125.00, for a total transaction of C$711,250.00. Insiders have sold a total of 99,515 shares of company stock valued at $12,279,066 in the last ninety days. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Price Performance

Shares of TSE CP opened at C$124.74 on Monday. Canadian Pacific Kansas City has a twelve month low of C$96.50 and a twelve month high of C$127.50. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 52.35. The company has a market capitalization of C$110.74 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.32 and a beta of 1.29. The firm has a 50-day moving average of C$121.25 and a two-hundred day moving average of C$112.64.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The company had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. As a group, analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 27th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is currently 20.36%.

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.