Canadian Pacific Kansas City (TSE:CP) Given New C$123.00 Price Target at ATB Capital

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price target lowered by ATB Capital from C$124.00 to C$123.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also issued reports on the company. Royal Bank Of Canada reduced their target price on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Barclays dropped their price objective on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. CIBC upped their price objective on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research report on Thursday, May 22nd. Scotiabank dropped their price objective on Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Finally, Raymond James Financial dropped their price objective on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus target price of C$119.92.

Canadian Pacific Kansas City Price Performance

Shares of CP traded up C$1.71 during trading hours on Monday, hitting C$110.54. 975,413 shares of the company were exchanged, compared to its average volume of 1,614,919. The company has a market cap of C$103.32 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 2.32 and a beta of 0.79. 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 company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The firm's fifty day moving average is C$109.31 and its 200 day moving average is C$107.64.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, July 28th will be given a $0.228 dividend. The ex-dividend date is Friday, June 27th. 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 0.83%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.06%.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer Maeghan Dawn Albiston sold 12,950 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$112.04, for a total transaction of C$1,450,853.25. Also, Senior Officer Keith E. Creel sold 170,227 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$110.59, for a total value of C$18,825,910.53. Insiders sold 343,599 shares of company stock valued at $38,107,437 over the last ninety days. Insiders own 0.03% of the company's stock.

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.