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

Stephens upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a hold rating to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

CP has been the subject of several other research reports. Susquehanna raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. National Bankshares raised their price objective on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. ATB Capital upped their target price on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Citigroup set a C$97.00 price target on Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$124.38.

Canadian Pacific Kansas City Stock Performance

TSE CP opened at C$110.80 on Monday. The firm has a market capitalization of C$103.39 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The firm’s fifty day moving average price is C$106.37 and its two-hundred day moving average price is C$109.62. Canadian Pacific Kansas City has a 1 year low of C$101.76 and a 1 year high of C$123.37. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 15,657 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total value of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction dated 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. In the last 90 days, insiders sold 70,284 shares of company stock valued at $7,398,669. 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.