CIBC Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$124.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target decreased by CIBC from C$128.00 to C$124.00 in a report published on Tuesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

CP has been the subject of several other reports. UBS Group increased their price objective on Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research report on Thursday, January 30th. ATB Capital increased their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Sanford C. Bernstein dropped their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. Scotiabank cut their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of C$123.43.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$102.60 on Tuesday. The company has a market cap of C$95.90 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.32 and a beta of 0.79. The business has a 50 day moving average price of C$109.86 and a 200 day moving average price of C$109.37. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City has a twelve month low of C$101.76 and a twelve month high of C$121.35.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 28th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.74%. Canadian Pacific Kansas City’s payout ratio is presently 20.06%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of C$116.16, for a total value of C$2,173,430.39. 0.03% of the stock is owned by corporate insiders.

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.