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

Key Points

• Canadian Pacific Kansas City Limited has received an average recommendation of "Buy" from analysts, with a consensus price target of C$119.46.
• Insiders sold over C$11 million worth of shares in the last 90 days, indicating potential concerns regarding stock performance.
• The company has declared a quarterly dividend of $0.228 per share, representing an annualized yield of 0.9% and a payout ratio of 17.77%.

Shares of Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP have been assigned a consensus recommendation of "Buy" from the seventeen research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, ten have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price target 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 CP shares. Desjardins dropped their price objective on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. ATB Capital lifted their price objective on 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. Raymond James Financial lifted their price objective on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. lifted their price objective on Canadian Pacific Kansas City from C$125.00 to C$131.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, TD Securities lifted their price objective on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a "hold" rating in a research note on Thursday, July 31st.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer Cassandra P. Quach sold 7,946 shares of Canadian Pacific Kansas City stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of C$111.00, for a total transaction of C$882,006.00. Also, Senior Officer Nadeem Velani sold 60,000 shares of Canadian Pacific Kansas City stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of C$110.30, for a total value of C$6,618,006.00. Insiders sold a total of 100,546 shares of company stock valued at $11,142,723 over the last 90 days. Insiders own 0.03% of the company's stock.

Canadian Pacific Kansas City Price Performance

Shares of TSE CP opened at C$104.61 on Tuesday. The stock has a market cap of C$96.03 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. 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 company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The stock has a fifty day moving average of C$105.98 and a 200-day moving average of C$106.45.

Canadian Pacific Kansas City Dividend Announcement

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

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.

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