Canadian Pacific Kansas City Limited (TSE:CP) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Canadian Pacific Kansas City has a “Moderate Buy” consensus rating from 14 analysts: nine rate it a buy, four hold, and one strong buy. The average 12-month price target is C$134.36.
• The company reported quarterly earnings of C$1.27 per share on revenue of C$4.16 billion, with analysts projecting full-year earnings of approximately C$4.34 per share.
• CPKC increased its quarterly dividend to C$0.268 from C$0.23, equivalent to an annualized dividend of C$1.07 and a 0.9% yield. Insiders sold approximately 78,015 shares worth C$10.5 million over the past three months.

Shares of Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP have earned a consensus rating of "Moderate Buy" from the fourteen research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$134.36.

A number of analysts have commented on CP shares. Citizens Jmp upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 15th. Barclays upped their target price on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. Scotiabank raised their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 16th. Raymond James Financial lifted their price target on Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price target on Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th.

Canadian Pacific Kansas City Stock Up 0.7%

TSE:CP opened at C$123.84 on Friday. Canadian Pacific Kansas City has a twelve month low of C$96.50 and a twelve month high of C$133.38. The firm has a market capitalization of C$108.87 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 2.32 and a beta of 1.30. The company has a quick ratio of 0.42, a current ratio of 0.59 and a debt-to-equity ratio of 53.93. The stock's 50 day moving average price is C$128.02 and its two-hundred day moving average price is C$120.98.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last released its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. The business had revenue of C$4.16 billion during the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. Equities research analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were given a $0.268 dividend. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City's payout ratio is 22.14%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider Mark Ashley Redd sold 52,000 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total value of C$6,994,000.00. Following the transaction, the insider directly owned 2,199 shares in the company, valued at C$295,765.50. The trade was a 95.94% decrease in their ownership of the stock. Also, insider Laird Joseph Pitz sold 24,630 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. In the last three months, insiders sold 78,015 shares of company stock worth $10,505,115. 0.03% of the stock is owned by company insiders.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.

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