Canadian Pacific Kansas City Limited to Issue Quarterly Dividend of $0.27 (TSE:CP)

Key Points

• Canadian Pacific Kansas City declared a quarterly dividend of C$0.268 per share, with shareholders of record on October 26 and an annualized yield of approximately 0.9%.
• The company reported quarterly revenue of C$4.16 billion and earnings of C$1.27 per share, while analysts expect full-year EPS of about C$4.34.
• Analysts maintain a “Moderate Buy” consensus, with one Strong Buy, nine Buy, and four Hold ratings, and an average price target of C$134.36.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP announced a quarterly dividend on Friday, September 25th. Shareholders of record on Monday, October 26th will be given a dividend of 0.268 per share on Monday, October 26th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 25th.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP opened at C$123.78 on Wednesday. The firm's 50 day simple moving average is C$127.47 and its 200-day simple moving average is C$121.23. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$133.38. The firm has a market cap of C$108.81 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.32 and a beta of 1.30.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its quarterly earnings data 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 company had revenue of C$4.16 billion for the quarter. As a group, equities analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. 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 report on Thursday, July 16th. Stephens upgraded Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. TD boosted their price target on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. BMO Capital Markets lifted their target price on Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Finally, Desjardins raised their price target on shares of Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a "buy" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$134.36.

Canadian Pacific Kansas City Company Profile

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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