Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$142.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target raised by National Bank Financial from C$140.00 to C$142.00 in a research report report published on Thursday,BayStreet reports. The firm currently has an outperform rating on the stock.

CP has been the topic of several other reports. Raymond James Financial set a C$144.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “outperform” rating in a research note on Monday, October 19th. Citizens Jmp upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 15th. ATB Cormark Capital Markets increased their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. BMO Capital Markets raised their price target on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, ATB Cormack raised their price target on shares of Canadian Pacific Kansas City from C$143.00 to C$146.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$139.41.

Canadian Pacific Kansas City Price Performance

CP opened at C$125.33 on Thursday. The company has a debt-to-equity ratio of 56.46, a current ratio of 0.52 and a quick ratio of 0.42. The stock’s 50 day simple moving average is C$124.45 and its 200 day simple moving average is C$119.31. The firm has a market cap of C$108.98 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 2.32 and a beta of 1.33. Canadian Pacific Kansas City has a 1 year low of C$96.50 and a 1 year high of C$133.38.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$1.28 earnings per share for the quarter. The firm had revenue of C$4.22 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. As a group, analysts predict that Canadian Pacific Kansas City will post 4.34 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 26th were given a $0.2680 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 22.91%.

Insider Transactions at Canadian Pacific Kansas City

In related news, insider Laird Joseph Pitz sold 24,630 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Also, insider Mark Ashley Redd sold 52,000 shares of the firm’s 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 completion of the sale, the insider directly owned 2,199 shares of the company’s stock, valued at C$295,765.50. The trade was a 95.94% decrease in their position. In the last three months, insiders have sold 78,015 shares of company stock worth $10,505,115. 0.03% of the stock is currently owned by insiders.

Key Headlines Impacting Canadian Pacific Kansas City

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Analyst targets remain mostly bullish. CIBC raised its target to C$150, while Scotia, National Bank Financial and ATB Cormark also increased or maintained targets between C$142 and C$150, with “outperform” ratings. Desjardins kept a “buy” rating despite trimming its target to C$141. CIBC price target article
• Positive Sentiment: Third-quarter revenue increased on higher shipment volumes. CP reported C$4.22 billion in quarterly revenue and C$1.28 in earnings per share, providing evidence of continued demand across its rail network. Q3 sales increase article
• Positive Sentiment: Coal-related business adds potential growth and revenue visibility. A new coal deal and the renewal of a rail-service agreement with Elk Valley Resources may support future volumes and strengthen CP’s position in the Canadian coal corridor. New coal deal article
• Neutral Sentiment: Citigroup raised its target to C$106 and retained a “buy” rating, but that target is below CP’s current trading level, signaling a more cautious valuation view than other analysts. Citigroup analyst rating
• Negative Sentiment: Higher fuel costs limited earnings growth. Reports characterized quarterly profits as flat or pressured despite higher revenue, raising concerns about near-term margin expansion. Canadian Pacific Kansas City rail earnings article

Canadian Pacific Kansas City Company Profile

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.