Canadian Pacific Kansas City Limited (TSE:CP) Stock Has Consensus Price Target of C$134.43 According to Analysts

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$134.43.

Several brokerages have commented on CP. Raymond James Financial raised their price objective on Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Barclays increased their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. Desjardins lifted their price target on shares of Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. ATB Cormark Capital Markets boosted their price objective on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, TD upped 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 report on Thursday, July 30th.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, insider Mark Ashley Redd sold 52,000 shares of the stock in a transaction on Monday, August 24th. The stock was 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. This represents a 95.94% decrease in their ownership of the stock. Also, insider Pamela Lynne Arpin sold 1,385 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$132.92, for a total value of C$184,094.20. Following the transaction, the insider owned 4,578 shares of the company’s stock, valued at C$608,507.76. The trade was a 23.23% decrease in their ownership of the stock. Over the last 90 days, insiders sold 78,015 shares of company stock worth $10,505,115. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Trading Up 0.5%

Shares of CP opened at C$120.58 on Wednesday. Canadian Pacific Kansas City has a 1-year low of C$96.50 and a 1-year high of C$133.38. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. The firm’s 50-day moving average price is C$125.74 and its 200-day moving average price is C$122.08. The firm has a market capitalization of C$106.00 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 2.32 and a beta of 1.33.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. The business had revenue of C$4.16 billion for the quarter. Sell-side analysts anticipate that Canadian Pacific Kansas City will post 4.34 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 26th will be paid a dividend of $0.2680 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is presently 22.14%.

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.