Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$97.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price upped by Barclays from C$95.00 to C$97.00 in a report released on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently weighed in on CP. National Bankshares set a C$119.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a sector perform rating in a research report on Thursday, June 27th. Desjardins upped their target price on shares of Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a buy rating in a research report on Wednesday, July 31st. Scotiabank upgraded Canadian Pacific Kansas City from a sector perform rating to an outperform rating and raised their price target for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. ATB Capital upped their price objective on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an outperform rating in a report on Wednesday, July 31st. Finally, TD Securities lifted their price objective on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a hold rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$121.67.

Canadian Pacific Kansas City Trading Up 0.2 %

Shares of CP stock opened at C$115.54 on Wednesday. The company has a market capitalization of C$107.81 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The firm has a 50-day moving average price of C$112.42 and a 200 day moving average price of C$112.60.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. The company had revenue of C$3.60 billion during the quarter, compared to analysts’ expectations of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. Research analysts forecast that Canadian Pacific Kansas City will post 5.090035 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, October 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 20.32%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$108.03, for a total value of C$6,473,511.98. In other news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction 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. Insiders sold 87,105 shares of company stock valued at $9,340,938 in the last ninety days. 0.03% of the stock is currently owned by corporate 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.