Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Target Price at C$119.62

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, nine have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$119.62.

Several research analysts have weighed in on the stock. CIBC upped their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. National Bankshares boosted their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. JPMorgan Chase & Co. lowered their target price on shares of Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. ATB Capital lifted their price target on Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Finally, Scotiabank lowered their price objective on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd.

Canadian Pacific Kansas City Stock Down 1.7%

Shares of TSE:CP opened at C$97.15 on Friday. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. Canadian Pacific Kansas City has a 52-week low of C$94.60 and a 52-week high of C$118.80. The business’s 50 day simple moving average is C$103.55 and its two-hundred day simple moving average is C$106.14. The firm has a market cap of C$87.52 billion, a P/E ratio of 21.12, a PEG ratio of 2.32 and a beta of 0.98.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, October 29th. The company reported C$1.01 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The company had revenue of C$3.66 billion for the quarter. As a group, research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, October 27th were given a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 26th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.17%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.