Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Price Target at C$134.36

Shares of Canadian Pacific Kansas City Limited (TSE:CP – Get Free Report) (NYSE:CP) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$134.36.

Several research firms have issued reports on CP. Raymond James Financial raised their price target 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. Barclays boosted their price target on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. JPMorgan Chase & Co. raised their target price on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday, July 30th. TD raised their price target on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Finally, Scotiabank boosted their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th.

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Insiders Place Their Bets

In other Canadian Pacific Kansas City news, insider Mark Ashley Redd sold 52,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$134.50, for a total value of C$6,994,000.00. Following the completion of the sale, the insider owned 2,199 shares in the company, valued at approximately C$295,765.50. This trade represents a 95.94% decrease in their position. Also, insider Laird Joseph Pitz sold 24,630 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Insiders have sold a total of 78,015 shares of company stock valued at $10,505,115 in the last 90 days. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Price Performance

TSE CP opened at C$124.99 on Friday. Canadian Pacific Kansas City has a twelve month low of C$96.50 and a twelve month high of C$133.38. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. The stock has a market capitalization of C$109.88 billion, a PE ratio of 29.07, a P/E/G ratio of 2.32 and a beta of 1.30. The stock has a 50-day simple moving average of C$128.01 and a 200 day simple moving average of C$121.07.

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 (EPS) for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%.The firm had revenue of C$4.16 billion for the quarter. Research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were issued a dividend of $0.268 per share. The ex-dividend date was Friday, June 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 22.14%.

About Canadian Pacific Kansas City

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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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