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

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP has been given a consensus rating of "Moderate Buy" by the sixteen research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eight have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$119.62.

CP has been the topic of a number of analyst reports. Sanford C. Bernstein cut their price target on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. CIBC cut their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$119.00 and set an "outperform" rating on the stock in a report on Thursday. Raymond James cut their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. UBS Group upped their price objective on shares of Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research note on Thursday. Finally, Stephens raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th.

Canadian Pacific Kansas City Trading Up 2.9 %

CP traded up C$2.87 during mid-day trading on Wednesday, hitting C$103.53. 1,964,268 shares of the stock were exchanged, compared to its average volume of 1,695,450. The company has a market cap of C$96.77 billion, a PE ratio of 27.33, a PEG ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The firm's fifty day moving average is C$103.72 and its two-hundred day moving average is C$106.83. Canadian Pacific Kansas City has a 1-year low of C$94.60 and a 1-year 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 Friday, June 27th will be given a $0.228 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. This represents a $0.91 dividend on an annualized basis and a yield of 0.88%. Canadian Pacific Kansas City's dividend payout ratio is presently 20.06%.

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.