Canadian Pacific Kansas City Limited (TSE:CP) Given Consensus Rating of "Buy" by Analysts

Key Points

• Canadian Pacific Kansas City Limited (TSE:CP) has received a consensus rating of "Buy" from analysts, with 9 out of 16 brokerages issuing buy recommendations.
• The average 12-month target price for the stock is C$119.85, with JPMorgan recently raising their target to C$137.00.
• The company announced a quarterly dividend of $0.228, which represents a 0.9% dividend yield and will be paid on October 27th.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP has received a consensus rating of "Buy" from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, nine have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$119.85.

Several research analysts have issued reports on CP shares. JPMorgan Chase & Co. lifted their price target on shares of Canadian Pacific Kansas City from C$131.00 to C$137.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Scotiabank decreased their target price on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an "outperform" rating on the stock in a report on Friday, October 3rd. National Bankshares boosted their target price on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an "outperform" rating in a research report on Thursday, September 18th. Finally, Sanford C. Bernstein increased their price target on Canadian Pacific Kansas City from C$120.00 to C$121.00 in a research report on Tuesday, September 30th.

Canadian Pacific Kansas City Stock Performance

TSE:CP opened at C$106.09 on Wednesday. The company has a 50-day moving average of C$104.75 and a 200-day moving average of C$106.03. The firm has a market cap of C$97.39 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$118.80.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, October 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.77%.

Canadian Pacific Kansas City Company Profile

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.

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