Canadian Pacific Kansas City (TSE:CP – Free Report) (NYSE:CP) had its target price increased by Royal Bank Of Canada from C$145.00 to C$146.00 in a report published on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.
CP has been the topic of a number of other research reports. Citizens Jmp upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. Scotiabank boosted their target price 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 report on Thursday, July 16th. TD upped 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 report on Thursday, July 30th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Finally, Raymond James Financial lifted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 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, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of C$134.43.
Get Our Latest Analysis on Canadian Pacific Kansas City
Canadian Pacific Kansas City Trading Down 0.5%
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 business had revenue of C$4.16 billion for the quarter. On average, equities analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.
Canadian Pacific Kansas City Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 26th will be issued a dividend of $0.2680 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is currently 22.14%.
Insider Activity
In other news, insider Mark Ashley Redd sold 52,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$134.50, for a total value of C$6,994,000.00. Following the transaction, the insider owned 2,199 shares of the company’s stock, valued at approximately C$295,765.50. This represents a 95.94% decrease in their ownership of the stock. Also, insider Pamela Lynne Arpin sold 1,385 shares of the 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 value of C$184,094.20. Following the transaction, the insider owned 4,578 shares in the company, valued at approximately C$608,507.76. This trade represents a 23.23% decrease in their position. Over the last quarter, insiders have sold 78,015 shares of company stock valued at $10,505,115. 0.03% of the stock is owned by 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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