Canadian Pacific Kansas City (TSE:CP) Stock Rating Upgraded by Scotiabank

Scotiabank upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a sector perform rating to an outperform rating in a research note published on Wednesday, MarketBeat Ratings reports. The firm currently has C$130.00 price target on the stock, up from their prior price target of C$124.00.

A number of other brokerages have also recently commented on CP. Sanford C. Bernstein increased their target price on shares of Canadian Pacific Kansas City from C$118.00 to C$122.00 in a research report on Monday, July 8th. ATB Capital increased their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an outperform rating in a research report on Wednesday, April 10th. Royal Bank of Canada increased their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Barclays increased their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday, April 4th. Finally, Desjardins increased their target price on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a buy rating in a research report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$121.93.

Canadian Pacific Kansas City Stock Performance

TSE:CP opened at C$113.63 on Wednesday. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49. The company has a fifty day moving average of C$108.77 and a two-hundred day moving average of C$111.84. The stock has a market capitalization of C$105.98 billion, a PE ratio of 28.06, a P/E/G ratio of 2.32 and a beta of 0.77. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). The company had revenue of C$3.52 billion for the quarter, compared to analyst estimates of C$3.52 billion. Canadian Pacific Kansas City had a return on equity of 9.36% and a net margin of 28.26%. As a group, research analysts forecast that Canadian Pacific Kansas City will post 4.1603293 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.77%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of C$105.26, for a total transaction of C$6,307,717.49. In other news, Director Isabelle Courville sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$110.80, for a total value of C$498,600.00. Also, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$105.26, for a total transaction of C$6,307,717.49. Insiders sold a total of 208,730 shares of company stock valued at $22,779,501 over the last 90 days. 0.03% of the stock is owned by company insiders.

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.