Canadian Pacific Kansas City Limited (TSE:CP – Get Free Report) (NYSE:CP) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$134.36.
Several research analysts have issued reports on CP shares. Barclays increased their price objective on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. TD boosted their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Citizens Jmp raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 15th. Raymond James Financial increased their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, National Bank Financial lifted their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the company an “outperform” rating in a report on Thursday, July 30th.
View Our Latest Research Report on Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Performance
Canadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) last released its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%.The business had revenue of C$4.16 billion for the quarter. Equities research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.
Canadian Pacific Kansas City Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were paid a $0.268 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City’s payout ratio is 22.14%.
Insider Transactions at Canadian Pacific Kansas City
In other Canadian Pacific Kansas City news, insider Maeghan Dawn Albiston sold 3,645 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$126.61, for a total transaction of C$461,493.45. Also, insider James Dominic Luther Clements sold 21,035 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Over the last quarter, insiders sold 99,515 shares of company stock valued at $12,279,066. 0.03% of the stock is owned by company insiders.
About Canadian Pacific Kansas City
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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