Canadian Pacific Kansas City Limited (TSE:CP) Receives Average Rating of "Buy" from Brokerages

Key Points

• Canadian Pacific Kansas City Limited (TSE:CP) has an average rating of "Buy" from 17 brokerages, with a 12-month target price of C$119.46.
• The company recently announced a quarterly dividend of $0.228 per share, yielding 0.9%, with a payout ratio of 20.06%.
• Insiders at Canadian Pacific have sold approximately C$38.1 million worth of shares over the last quarter, while insider ownership is only 0.03% of the company’s stock.

Shares of Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP have been given an average rating of "Buy" by the seventeen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and four have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$119.46.

CP has been the topic of a number of research reports. Scotiabank raised their price objective on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. ATB Capital raised their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$124.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Desjardins reduced their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. CIBC dropped their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$122.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th.

Canadian Pacific Kansas City Price Performance

CP stock opened at C$103.64 on Friday. The stock has a market capitalization of C$96.87 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City has a 52-week low of C$94.60 and a 52-week high of C$119.20. The stock's fifty day simple moving average is C$108.52 and its 200-day simple moving average is C$107.59.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio is presently 20.06%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 170,227 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$110.59, for a total transaction of C$18,825,910.53. Also, Senior Officer Pamela Lynne Arpin sold 8,500 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of C$109.81, for a total value of C$933,389.25. Insiders sold 343,599 shares of company stock worth $38,107,437 over the last quarter. Insiders own 0.03% of the company's stock.

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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