Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$144.00

Canadian Pacific Kansas City (TSE:CP – Free Report) (NYSE:CP) had its price objective lifted by Scotia from C$143.00 to C$144.00 in a report issued on Thursday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on CP. Stifel Nicolaus set a C$150.00 price target on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Tuesday, October 27th. ATB Cormack upped their price target on shares of Canadian Pacific Kansas City from C$143.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Scotiabank increased their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 16th. Citizens Jmp raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. Finally, BMO Capital Markets raised their price objective on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$139.41.

Check Out Our Latest Analysis on CP

Canadian Pacific Kansas City Stock Up 1.3%

TSE CP opened at C$125.33 on Thursday. The stock’s 50-day moving average price is C$124.45 and its 200-day moving average price is C$119.31. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 56.46. Canadian Pacific Kansas City has a 52 week low of C$96.50 and a 52 week high of C$133.38. The company has a market capitalization of C$108.98 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33.

Canadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$1.28 earnings per share (EPS) for the quarter. The company had revenue of C$4.22 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. On average, equities research analysts predict that Canadian Pacific Kansas City will post 4.34 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 26th were paid a $0.2680 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is 22.91%.

Insider Transactions at Canadian Pacific Kansas City

In related news, insider Pamela Lynne Arpin sold 1,385 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$132.92, for a total transaction of C$184,094.20. Following the sale, the insider owned 4,578 shares of the company’s stock, valued at approximately C$608,507.76. This trade represents a 23.23% decrease in their position. Also, insider Laird Joseph Pitz sold 24,630 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total value of C$3,327,020.40. Insiders sold a total of 78,015 shares of company stock valued at $10,505,115 over the last 90 days. Company insiders own 0.03% of the company’s stock.

More Canadian Pacific Kansas City News

Here are the key news stories impacting Canadian Pacific Kansas City this week:

  • Positive Sentiment: Analyst targets remain mostly bullish. CIBC raised its target to C$150, while Scotia, National Bank Financial and ATB Cormark also increased or maintained targets between C$142 and C$150, with “outperform” ratings. Desjardins kept a “buy” rating despite trimming its target to C$141. CIBC price target article
  • Positive Sentiment: Third-quarter revenue increased on higher shipment volumes. CP reported C$4.22 billion in quarterly revenue and C$1.28 in earnings per share, providing evidence of continued demand across its rail network. Q3 sales increase article
  • Positive Sentiment: Coal-related business adds potential growth and revenue visibility. A new coal deal and the renewal of a rail-service agreement with Elk Valley Resources may support future volumes and strengthen CP’s position in the Canadian coal corridor. New coal deal article
  • Neutral Sentiment: Citigroup raised its target to C$106 and retained a “buy” rating, but that target is below CP’s current trading level, signaling a more cautious valuation view than other analysts. Citigroup analyst rating
  • Negative Sentiment: Higher fuel costs limited earnings growth. Reports characterized quarterly profits as flat or pressured despite higher revenue, raising concerns about near-term margin expansion. Canadian Pacific Kansas City rail earnings article

About Canadian Pacific Kansas City

(Get Free Report)

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.

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