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

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price objective upped by Raymond James from C$120.00 to C$130.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Barclays boosted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. CIBC lifted their target price 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. JPMorgan Chase & Co. boosted their price objective on shares of Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the company an overweight rating in a report on Wednesday, January 31st. TD Securities boosted their price objective on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the company a hold rating in a report on Wednesday, January 31st. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of Moderate Buy and an average price target of C$120.88.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded up C$2.00 on Monday, hitting C$118.41. 1,346,359 shares of the company traded hands, compared to its average volume of 1,163,232. The firm's 50-day simple moving average is C$118.19 and its 200 day simple moving average is C$107.77. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. The company has a market cap of C$110.42 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.12 by C$0.06. The business had revenue of C$3.78 billion for the quarter, compared to analyst estimates of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. Analysts expect that Canadian Pacific Kansas City will post 4.3266423 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City's payout ratio is currently 18.05%.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total value of C$930,859.57. In other news, Senior Officer John Kenneth Brooks sold 27,505 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were 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 company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. Insiders sold 97,758 shares of company stock valued at $10,774,715 in the last three months. 0.03% of the stock is owned by insiders.

About Canadian Pacific Kansas City

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.