Canadian Pacific Kansas City Limited (TSE:CP) Stock Has Average Target Price of C$134.43 According to Brokerages

Key Points

• Analysts are moderately bullish: Fourteen analysts give Canadian Pacific Kansas City a consensus “Moderate Buy” rating, with an average 12-month price target of C$134.43 versus the reported share price of C$121.44.
• Recent insider selling was significant: Insiders sold 78,015 shares worth approximately C$10.5 million over the past 90 days, while insiders collectively own just 0.03% of the company.
• Financial and dividend details: CPKC reported quarterly revenue of C$4.16 billion and EPS of C$1.27, and announced a quarterly dividend of C$0.268, equivalent to an annualized yield of about 0.9%.

Shares of Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP have been given an average recommendation of "Moderate Buy" by the fourteen analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$134.43.

CP has been the subject of several analyst reports. Scotiabank lifted their price objective on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a "strong-buy" rating in a report on Thursday, July 16th. Raymond James Financial raised 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 research report on Thursday, July 30th. Barclays raised their price target on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. National Bank Financial set a C$140.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an "outperform" rating in a research report on Wednesday, September 23rd. Finally, Stephens raised shares of Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 8th.

Insider Transactions at Canadian Pacific Kansas City

In related news, insider Mark Ashley Redd sold 52,000 shares of Canadian Pacific Kansas City stock in a transaction that occurred 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 of the company's stock, valued at C$295,765.50. This trade represents a 95.94% decrease in their ownership of the stock. Also, insider Laird Joseph Pitz sold 24,630 shares of Canadian Pacific Kansas City stock in a transaction that occurred on 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 90 days, insiders sold 78,015 shares of company stock valued at $10,505,115. Company insiders own 0.03% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.8%

Shares of CP opened at C$121.44 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. Canadian Pacific Kansas City has a 12 month low of C$96.50 and a 12 month high of C$133.38. The firm's 50 day moving average is C$126.07 and its 200-day moving average is C$121.92. The stock has a market capitalization of C$106.76 billion, a PE ratio of 28.24, a P/E/G ratio of 2.32 and a beta of 1.33.

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

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 26th will be given a $0.2680 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City's payout ratio is presently 22.14%.

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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