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

Key Points

• Canadian Pacific Kansas City Limited has a consensus rating of "Buy" from 16 brokerages, with nine analysts issuing buy ratings and four assigning a strong buy rating.
• The company recently disclosed a quarterly dividend of $0.228 per share, representing an annualized yield of 0.9% and a payout ratio of 17.77%.
• Shares opened at C$102.47 with a market cap of C$94.07 billion, and the stock has experienced fluctuations between a one-year low of C$94.60 and a high of C$118.80.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP has been given a consensus recommendation of "Buy" by the sixteen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and four have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$119.85.

CP has been the subject of several recent analyst reports. Desjardins dropped their price objective on shares of 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. CIBC lowered their target price 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 report on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Canadian Pacific Kansas City from C$125.00 to C$131.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Citigroup dropped their target price on Canadian Pacific Kansas City from C$94.00 to C$90.00 and set a "buy" rating for the company in a research report on Thursday, July 31st.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at C$102.47 on Friday. The stock has a market cap of C$94.07 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. 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 50 day moving average price of C$103.92 and a 200-day moving average price of C$105.73. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$118.80.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 27th will be issued a dividend of $0.228 per share. The ex-dividend date is Friday, September 26th. This represents a $0.91 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is presently 17.77%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Pamela Lynne Arpin sold 8,500 shares of the company's stock in a transaction 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. 0.03% of the stock is owned by company insiders.

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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