Canadian Pacific Kansas City (TSE:CP) Stock Rating Upgraded by National Bankshares

Key Points

• Canadian Pacific Kansas City has been upgraded from a "sector perform" to an "outperform" rating by National Bankshares, with a price target set at C$119.00, indicating a potential upside of 16.53% from its current price.
• The stock currently has an average rating of "Moderate Buy" based on ten buy ratings, three hold ratings, and one sell rating, with an average price target of C$119.46.
• Senior officers have recently sold a total of 343,599 shares of the company stock worth approximately $38 million over the last 90 days.

National Bankshares upgraded shares of Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP from a sector perform rating to an outperform rating in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has C$119.00 price target on the stock.

Several other analysts also recently weighed in on the company. Scotiabank increased their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 in a research note on Thursday, July 10th. Desjardins decreased their target price on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a "buy" rating for the company in a research note on Thursday. ATB Capital decreased their target price on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set an "outperform" rating for the company in a research note on Monday, July 7th. Royal Bank Of Canada decreased their target price on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group downgraded Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$119.46.

Canadian Pacific Kansas City Stock Down 1.3%

Shares of CP traded down C$1.34 during trading hours on Thursday, hitting C$100.56. 1,609,193 shares of the company were exchanged, compared to its average volume of 1,617,576. The company has a market cap of C$93.99 billion, a PE ratio of 26.55, a PEG ratio of 2.32 and a beta of 0.79. The firm's 50 day moving average is C$109.20 and its 200-day moving average is C$107.74. Canadian Pacific Kansas City has a 52 week low of C$94.60 and a 52 week high of C$119.20. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's payout ratio is 20.06%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 170,227 shares of the business'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. Also, Senior Officer Nadeem Velani sold 60,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of C$110.30, for a total value of C$6,618,006.00. In the last quarter, insiders sold 343,599 shares of company stock valued at $38,107,437. 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.