Canadian Pacific Kansas City (TSE:CP) PT Raised to C$130.00 at ATB Capital

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its target price lifted by ATB Capital from C$120.00 to C$130.00 in a research note published on Wednesday morning, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on CP. BMO Capital Markets lifted their target price on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research report on Monday. Sanford C. Bernstein raised their target price on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a market perform rating in a research report on Monday, February 5th. CIBC boosted their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an outperform rating in a research report on Wednesday, March 27th. Barclays raised their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. Finally, Desjardins boosted their target price on shares of Canadian Pacific Kansas City from C$108.00 to C$118.00 and gave the stock a buy rating in a report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of Moderate Buy and a consensus price target of C$119.44.

Canadian Pacific Kansas City Trading Down 0.5 %

CP stock traded down C$0.62 during midday trading on Wednesday, reaching C$120.47. The company's stock had a trading volume of 924,005 shares, compared to its average volume of 1,174,798. The business's 50-day simple moving average is C$117.44 and its 200-day simple moving average is C$106.83. The stock has a market cap of C$112.34 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last posted its earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.12 by C$0.06. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The company had revenue of C$3.78 billion during the quarter, compared to analyst estimates of C$3.66 billion. As a group, sell-side analysts expect that Canadian Pacific Kansas City will post 4.3864556 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.63%. Canadian Pacific Kansas City's payout ratio is presently 18.05%.

Insider Activity

In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. Insiders sold 37,833 shares of company stock valued at $3,612,023 over the last quarter. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.