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

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP has received an average rating of "Moderate Buy" from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, eight have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$120.00.

A number of equities research analysts recently weighed in on the company. National Bankshares dropped their price target on Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a "sector perform" rating for the company in a report on Thursday, April 3rd. CIBC raised their target price on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research note on Thursday, May 22nd. The Goldman Sachs Group lowered Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. UBS Group boosted their target price on shares of Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research note on Thursday, May 1st. Finally, Desjardins dropped their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating for the company in a research note on Thursday, May 1st.

Canadian Pacific Kansas City Price Performance

Shares of TSE CP traded down C$0.11 during mid-day trading on Thursday, hitting C$110.20. 3,202,986 shares of the stock were exchanged, compared to its average volume of 1,632,756. The company has a market cap of C$103.00 billion, a P/E ratio of 29.09, a PEG ratio of 2.32 and a beta of 0.79. The stock's fifty day simple moving average is C$107.49 and its two-hundred day simple moving average is C$107.39. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, July 28th will be issued a dividend of $0.228 per share. The ex-dividend date is Friday, June 27th. This represents a $0.91 dividend on an annualized basis and a yield of 0.83%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.06%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer Mark Ashley Redd sold 6,485 shares of Canadian Pacific Kansas City stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of C$109.23, for a total transaction of C$708,331.01. Also, 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 value of C$882,006.00. Over the last quarter, insiders have sold 335,099 shares of company stock worth $37,174,048. 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.