Canadian Pacific Kansas City Limited (TSE:CP) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP have been assigned an average rating of "Moderate Buy" from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$120.62.

CP has been the topic of several research reports. Desjardins cut their target price on Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. National Bankshares boosted their target price on Canadian Pacific Kansas City from C$117.00 to C$119.00 in a research note on Wednesday, July 9th. UBS Group upped their price objective on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research note on Thursday, May 1st. CIBC upped their price objective on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group cut Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Maeghan Dawn Albiston sold 12,950 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$112.04, for a total value of C$1,450,853.25. Also, Senior Officer James Dominic Luther Clements sold 15,971 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of C$113.33, for a total value of C$1,809,927.95. Over the last quarter, insiders sold 343,599 shares of company stock worth $38,107,437. 0.03% of the stock is currently owned by company insiders.

Canadian Pacific Kansas City Stock Down 0.3%

TSE CP traded down C$0.33 during trading on Monday, hitting C$110.29. The stock had a trading volume of 1,505,173 shares, compared to its average volume of 1,601,738. The company has a market capitalization of C$103.09 billion, a PE ratio of 29.12, a P/E/G ratio of 2.32 and a beta of 0.79. The company's 50-day moving average price is C$110.65 and its two-hundred day moving average price is C$107.93. 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 12 month low of C$94.60 and a 12 month high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, July 28th will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 0.83%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 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.