Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$133.00 at ATB Capital

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target increased by ATB Capital from C$130.00 to C$133.00 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CP has been the topic of a number of other reports. National Bankshares set a C$119.00 price objective on shares of Canadian Pacific Kansas City and gave the company a sector perform rating in a research note on Thursday, June 27th. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from C$118.00 to C$122.00 in a research report on Monday, July 8th. TD Securities boosted their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a hold rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the stock an overweight rating in a research report on Wednesday. Finally, Barclays boosted 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of C$123.87.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at C$109.26 on Wednesday. The stock has a market capitalization of C$101.91 billion, a PE ratio of 26.98, a PEG ratio of 2.32 and a beta of 0.77. The business’s 50 day simple moving average is C$109.40 and its 200 day simple moving average is C$112.69. The company has a debt-to-equity ratio of 51.94, a current ratio of 0.49 and a quick ratio of 0.42. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37.

Canadian Pacific Kansas City Announces Dividend

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

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total transaction of C$6,473,511.98. In other news, Senior Officer Nadeem Velani sold 3,200 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$109.11, for a total value of C$349,155.84. Also, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total transaction of C$6,473,511.98. In the last quarter, insiders sold 208,730 shares of company stock worth $22,779,501. Insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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.