Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Price Target at C$122.38

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP has received a consensus rating of "Moderate Buy" from the sixteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$119.62.

A number of research firms recently commented on CP. Raymond James decreased their price objective on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Stephens upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Desjardins decreased their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating on the stock in a research report on Thursday. National Bankshares dropped their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a "sector perform" rating for the company in a research report on Thursday, April 3rd. Finally, UBS Group upped their price objective on shares of Canadian Pacific Kansas City from C$113.00 to C$116.00 in a report on Thursday.

Canadian Pacific Kansas City Trading Down 0.0 %

Canadian Pacific Kansas City stock traded down C$0.04 during midday trading on Wednesday, hitting C$103.49. 118,359 shares of the stock were exchanged, compared to its average volume of 1,676,124. 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 stock's 50-day simple moving average is C$103.72 and its 200 day simple moving average is C$106.74. 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 stock has a market capitalization of C$96.73 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid 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 annualized dividend and a yield of 0.88%. Canadian Pacific Kansas City's 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.