Canadian Pacific Kansas City Limited (TSE:CP) Receives Average Recommendation of "Moderate Buy" from Analysts

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP has been assigned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$120.00.

A number of analysts have weighed in on the stock. Desjardins cut their price objective on shares of Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada decreased their price target on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Sanford C. Bernstein cut their price objective on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. Barclays lowered their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd. Finally, ATB Capital lowered their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an "outperform" rating for the company in a report on Thursday, May 1st.

Insider Buying and Selling

In related news, Senior Officer Mark Ashley Redd sold 6,485 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of C$109.23, for a total value of C$708,331.01. Company insiders own 0.03% of the company's stock.

Canadian Pacific Kansas City Trading Up 1.4%

Shares of Canadian Pacific Kansas City stock traded up C$1.58 during mid-day trading on Friday, hitting C$111.56. The stock had a trading volume of 990,824 shares, compared to its average volume of 1,673,318. The firm has a 50-day moving average of C$103.68 and a two-hundred day moving average of C$106.69. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The firm has a market cap of C$104.27 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12-month low of C$94.60 and a 12-month high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. Canadian Pacific Kansas City's dividend payout ratio is 20.06%.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.