Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$137.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price boosted by JPMorgan Chase & Co. from C$136.00 to C$137.00 in a report issued on Tuesday morning, BayStreet.CA reports. They currently have an overweight rating on the stock.

Other analysts have also issued research reports about the company. National Bankshares set a C$119.00 price objective on Canadian Pacific Kansas City and gave the company a sector perform rating in a research note on Thursday, June 27th. Barclays upped their price objective on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a buy rating in a research note on Wednesday, September 25th. Desjardins raised their target price on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. TD Securities upped their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a hold rating in a research report on Wednesday, July 31st. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a sector perform rating to an outperform rating and lifted their price objective for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$121.13.

Canadian Pacific Kansas City Stock Performance

The stock’s 50 day simple moving average is C$112.12 and its 200-day simple moving average is C$112.07. The stock has a market capitalization of C$104.13 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.01 by C$0.04. The firm had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. On average, analysts predict that Canadian Pacific Kansas City will post 5.1435688 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, October 28th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.