Canadian Pacific Kansas City (TSE:CP) Upgraded by Citizens Jmp to Hold Rating

Citizens Jmp upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on CP. BMO Capital Markets lifted their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Barclays increased their price objective on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. TD boosted their target price on Canadian Pacific Kansas City from C$117.00 to C$128.00 in a research report on Friday, July 10th. Desjardins upped their price target on Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Scotiabank upped their price target on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock a “hold” rating in a research note on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$128.93.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at C$127.09 on Wednesday. The stock has a market capitalization of C$112.82 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 52-week low of C$96.50 and a 52-week high of C$129.65. The stock’s 50 day moving average price is C$122.84 and its two-hundred day moving average price is C$114.07. The company has a debt-to-equity ratio of 52.35, a quick ratio of 0.42 and a current ratio of 0.67.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The company had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. On average, equities analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 27th will be issued a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.36%.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider James Dominic Luther Clements sold 21,035 shares of Canadian Pacific Kansas City stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Also, insider Cassandra P. Quach sold 4,015 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of C$124.82, for a total transaction of C$501,152.30. Insiders have sold 99,515 shares of company stock valued at $12,279,066 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.