ATB Capital Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price raised by ATB Capital from C$129.00 to C$130.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CP has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Desjardins lowered their target price on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada lowered their target price on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Finally, Citigroup set a C$97.00 target price on Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Buy” and a consensus price target of C$124.07.

Canadian Pacific Kansas City Stock Up 1.7 %

Shares of TSE CP opened at C$115.62 on Thursday. Canadian Pacific Kansas City has a 12-month low of C$101.76 and a 12-month high of C$123.37. The company has a market cap of C$107.89 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The stock has a fifty day moving average price of C$107.39 and a 200 day moving average price of C$109.87.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.66%. Canadian Pacific Kansas City’s payout ratio is currently 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total value of C$5,426,615.01. Insiders sold a total of 70,284 shares of company stock worth $7,398,669 over the last ninety days. Company insiders own 0.03% of the company’s stock.

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.