Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Price Target at C$119.46

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 earned a consensus recommendation of "Buy" from the seventeen analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and four have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$119.46.

Several equities research analysts recently issued reports on the stock. ATB Capital lifted their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$124.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Royal Bank Of Canada cut their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. National Bankshares raised shares of Canadian Pacific Kansas City from a "sector perform" rating to an "outperform" rating and set a C$119.00 target price for the company in a research report on Thursday, July 31st. The Goldman Sachs Group lowered shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$131.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st.

Canadian Pacific Kansas City Stock Down 0.3%

Shares of CP stock traded down C$0.36 on Friday, hitting C$102.91. The company's stock had a trading volume of 168,747 shares, compared to its average volume of 1,608,429. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a fifty-two week low of C$94.60 and a fifty-two week high of C$119.20. The firm's fifty day moving average price is C$108.34 and its 200-day moving average price is C$107.45. The stock has a market capitalization of C$96.19 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is currently 20.06%.

Insiders Place Their Bets

In related news, Senior Officer Keith E. Creel sold 170,227 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$110.59, for a total value of C$18,825,910.53. Also, Senior Officer James Dominic Luther Clements sold 15,971 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of C$113.33, for a total transaction of C$1,809,927.95. Insiders have sold a total of 343,599 shares of company stock valued at $38,107,437 over the last 90 days. Company insiders own 0.03% of the company's stock.

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.