Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price target hoisted by Desjardins from C$118.00 to C$130.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
A number of other analysts also recently commented on the company. Royal Bank of Canada increased their price target on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. ATB Capital raised their target price on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an outperform rating in a research report on Wednesday. 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 report on Wednesday, March 27th. Scotiabank lowered shares of Canadian Pacific Kansas City from an outperform rating to a sector perform rating and increased their price target for the company from C$120.00 to C$126.00 in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an overweight rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of Moderate Buy and a consensus target price of C$120.19.
View Our Latest Report on CP
Canadian Pacific Kansas City Stock Down 0.0 %
Shares of CP stock traded down C$0.02 during trading hours on Friday, reaching C$118.55. The company had a trading volume of 801,130 shares, compared to its average volume of 1,166,891. The company has a market cap of C$110.55 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The business has a fifty day simple moving average of C$117.83 and a 200-day simple moving average of C$107.01.
Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last released its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 EPS for the quarter, beating analysts' consensus estimates of C$1.12 by C$0.06. The business had revenue of C$3.78 billion during the quarter, compared to analyst estimates of C$3.66 billion. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. On average, research analysts expect that Canadian Pacific Kansas City will post 4.3864556 earnings per share for the current fiscal year.
Canadian Pacific Kansas City Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City's dividend payout ratio is 18.05%.
Insiders Place Their Bets
In other news, Senior Officer John Kenneth Brooks sold 27,505 shares of the business's 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. In related news, Senior Officer Nadeem Velani sold 1,500 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$122.15, for a total value of C$183,225.00. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total value of C$2,374,638.67. Insiders have sold 97,758 shares of company stock worth $10,774,715 in the last ninety days. 0.03% of the stock is currently owned by insiders.
About Canadian Pacific Kansas City
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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.
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