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 received an average rating of "Moderate Buy" from the seventeen ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$120.23.

Several research firms have issued reports on CP. ATB Capital cut their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$123.00 and set an "outperform" rating for the company in a research report on Monday, July 7th. Barclays cut their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. Desjardins cut their price target 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 report on Thursday, May 1st. Scotiabank upped their price target on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 in a research report on Thursday. Finally, The Goldman Sachs Group lowered shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd.

Canadian Pacific Kansas City Stock Down 0.9%

CP opened at C$111.69 on Monday. The company has a fifty day moving average price of C$109.94 and a 200-day moving average price of C$107.79. The firm has a market capitalization of C$104.40 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, July 28th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.91 annualized dividend and a yield of 0.82%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. Canadian Pacific Kansas City's payout ratio is presently 20.06%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 170,227 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$110.59, for a total value of C$18,825,910.53. Also, Senior Officer Pamela Lynne Arpin sold 8,500 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of C$109.81, for a total transaction of C$933,389.25. Over the last 90 days, insiders have sold 343,599 shares of company stock worth $38,107,437. 0.03% of the stock is owned by corporate insiders.

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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