Desjardins Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$132.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price raised by Desjardins from C$131.00 to C$132.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.31 EPS, FY2025 earnings at $5.15 EPS, FY2026 earnings at $6.05 EPS, FY2027 earnings at $6.95 EPS and FY2028 earnings at $7.85 EPS.

A number of other research analysts have also recently weighed in on the company. Sanford C. Bernstein lifted their target price on Canadian Pacific Kansas City from C$118.00 to C$122.00 in a report on Monday, July 8th. Barclays boosted their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. Scotiabank upgraded Canadian Pacific Kansas City from a sector perform rating to an outperform rating and boosted their price objective for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. National Bankshares set a C$119.00 price objective on Canadian Pacific Kansas City and gave the stock a sector perform rating in a research note on Thursday, June 27th. Finally, Raymond James boosted their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of C$123.87.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at C$109.26 on Wednesday. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37. The stock has a market capitalization of C$101.91 billion, a P/E ratio of 26.98, a PEG ratio of 2.32 and a beta of 0.77. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 51.94. The business’s fifty day moving average price is C$109.40 and its 200 day moving average price is C$112.63.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, October 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.77%.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer Nadeem Velani sold 3,200 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$109.11, for a total value of C$349,155.84. In related news, Senior Officer Nadeem Velani sold 3,200 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$109.11, for a total value of C$349,155.84. Also, Director Isabelle Courville sold 4,500 shares of the company’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. Insiders sold a total of 208,730 shares of company stock valued at $22,779,501 over the last three months. 0.03% of the stock is owned by 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.