Canadian Pacific Kansas City Limited (TSE:CP) Receives C$134.36 Average Target Price from Analysts

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$134.36.

A number of research firms have recently issued reports on CP. Barclays lifted their target price on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised their price target on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday, July 30th. TD lifted their price objective 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 note on Thursday, July 30th. Finally, National Bank Financial lifted their target price on Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at C$122.83 on Friday. The company has a market capitalization of C$107.98 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.32 and a beta of 1.30. The business has a 50 day simple moving average of C$127.89 and a 200 day simple moving average of C$121.14. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$133.38. The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The business had revenue of C$4.16 billion for the quarter. On average, sell-side analysts forecast that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 26th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is currently 22.14%.

Insider Buying and Selling

In related news, insider Mark Ashley Redd sold 52,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total value of C$6,994,000.00. Following the sale, the insider directly owned 2,199 shares of the company’s stock, valued at approximately C$295,765.50. The trade was a 95.94% decrease in their position. Also, insider Pamela Lynne Arpin sold 1,385 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$132.92, for a total transaction of C$184,094.20. Following the completion of the sale, the insider directly owned 4,578 shares in the company, valued at C$608,507.76. This represents a 23.23% decrease in their ownership of the stock. Insiders have sold a total of 78,015 shares of company stock worth $10,505,115 over the last ninety days. Company 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.