Canadian Pacific Kansas City (TSE:CP) Stock Price Expected to Rise, Scotiabank Analyst Says

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price target lifted by Scotiabank from C$115.00 to C$120.00 in a report published on Thursday,BayStreet.CA reports.

Several other brokerages also recently weighed in on CP. Royal Bank Of Canada lowered their price target on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. CIBC lifted their target price on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a report on Thursday, May 22nd. The Goldman Sachs Group downgraded Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a report on Monday, June 2nd. 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 report on Monday, July 7th. Finally, National Bankshares lifted their target price on Canadian Pacific Kansas City from C$117.00 to C$119.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$120.23.

Canadian Pacific Kansas City Trading Down 0.9%

Shares of TSE:CP traded down C$0.97 on Thursday, hitting C$111.69. 1,224,474 shares of the company's stock were exchanged, compared to its average volume of 1,612,602. Canadian Pacific Kansas City has a 12 month low of C$94.60 and a 12 month high of C$119.20. The stock has a market capitalization of C$104.40 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The business's 50 day simple moving average is C$109.94 and its two-hundred day simple moving average is C$107.78. 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 Increases Dividend

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

Insider Buying and Selling at Canadian Pacific Kansas City

In related 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 Nadeem Velani sold 60,000 shares of the firm'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 worth $38,107,437. Insiders own 0.03% of the company's stock.

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.