Canadian Pacific Kansas City (TSE:CP) Given New C$124.00 Price Target at CIBC

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price target upped by CIBC from C$119.00 to C$124.00 in a report issued on Thursday,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Loop Capital downgraded shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, February 3rd. Barclays dropped 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. 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 on the stock in a research report on Thursday, April 3rd. Sanford C. Bernstein dropped their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. Finally, Desjardins dropped their price target 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, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$120.00.

Canadian Pacific Kansas City Price Performance

Shares of CP traded down C$0.02 during mid-day trading on Thursday, reaching C$111.54. The company had a trading volume of 620,206 shares, compared to its average volume of 1,662,525. The company's 50 day simple moving average is C$103.79 and its 200 day simple moving average is C$106.71. Canadian Pacific Kansas City has a 1-year low of C$94.60 and a 1-year 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. The company has a market capitalization of C$104.26 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 2.32 and a beta of 0.79.

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 Friday, June 27th will be issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 0.82%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. Canadian Pacific Kansas City's payout ratio is currently 20.06%.

Insider Activity

In other news, Senior Officer Mark Ashley Redd sold 6,485 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of C$109.23, for a total value of C$708,331.01. 0.03% of the stock is currently owned by corporate insiders.

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.