Canadian Pacific Kansas City Limited (NYSE:CP) Stock Has Average Target Price of $107.80 According to Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on Canadian Pacific Kansas City, with 11 buy, two strong-buy and three hold ratings. The average 12-month price target is $107.80, above the stock’s reported opening price of $85.86.
• CPKC’s latest quarterly results exceeded expectations, with adjusted earnings of $0.92 per share versus the $0.89 consensus and revenue of $2.93 billion, up 12.6% year over year.
• The company declared a quarterly dividend of C$0.27 per share, equating to an annualized dividend of about C$1.07 and a 1.2% yield; institutional investors own 72.2% of the stock.

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP has earned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $107.80.

CP has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $106.00 to $98.00 and set a "positive" rating for the company in a research report on Friday. Citigroup raised their price objective on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an "overweight" rating in a report on Wednesday, July 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th.

Canadian Pacific Kansas City Trading Down 0.1%

Shares of CP stock opened at $85.86 on Tuesday. The business's fifty day moving average price is $90.46 and its 200 day moving average price is $87.50. The firm has a market capitalization of $75.13 billion, a PE ratio of 27.61, a P/E/G ratio of 1.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. Canadian Pacific Kansas City has a 1-year low of $68.42 and a 1-year high of $96.90.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the company earned $1.12 earnings per share. Canadian Pacific Kansas City's quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Canadian Pacific Kansas City will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a dividend of C$0.27 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's payout ratio is 24.76%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently added to or reduced their stakes in the business. Fiduciary Financial Advisors purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at about $25,000. Jones Financial Companies Lllp purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $44,000. Western Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $50,000. Knuff & Co LLC acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $50,000. Finally, Chilton Capital Management LLC grew its holdings in Canadian Pacific Kansas City by 192.3% during the 2nd quarter. Chilton Capital Management LLC now owns 684 shares of the transportation company's stock valued at $59,000 after buying an additional 450 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.

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