Canadian Pacific Kansas City (TSE:CP) Given New C$122.00 Price Target at Sanford C. Bernstein

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective lowered by Sanford C. Bernstein from C$123.00 to C$122.00 in a report issued on Friday morning,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on CP. Susquehanna upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. National Bankshares raised their target price on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Desjardins raised their target price on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada raised their target price on Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Scotiabank lowered their target price on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of C$123.86.

Canadian Pacific Kansas City Stock Down 0.4 %

Shares of Canadian Pacific Kansas City stock opened at C$110.12 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The business’s 50 day simple moving average is C$109.12 and its 200-day simple moving average is C$109.67. The stock has a market capitalization of C$102.93 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a twelve month low of C$101.76 and a twelve month high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is currently 20.06%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of C$116.16, for a total transaction of C$2,173,430.39. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$106.10, for a total value of C$307,694.64. In the last ninety days, insiders sold 88,994 shares of company stock valued at $9,572,099. 0.03% of the stock is owned by corporate insiders.

About Canadian Pacific Kansas City

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.