Canadian Pacific Kansas City (TSE:CP) Given New C$133.00 Price Target at BMO Capital Markets

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target raised by BMO Capital Markets from C$125.00 to C$133.00 in a report issued on Monday, BayStreet.CA reports.

Several other research firms have also recently issued reports on CP. Royal Bank of Canada boosted their price objective on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. 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 research report on Wednesday, January 31st. Sanford C. Bernstein increased their price objective 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 note on Monday, February 5th. CIBC boosted their price objective 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 note on Wednesday, March 27th. Finally, Scotiabank lowered Canadian Pacific Kansas City from an outperform rating to a sector perform rating and upped their target price for the stock from C$120.00 to C$126.00 in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$119.44.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP opened at C$118.57 on Monday. The company has a market capitalization of C$110.57 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 2.32 and a beta of 0.75. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The firm’s 50-day moving average is C$117.83 and its 200 day moving average is C$107.01.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.12 by C$0.06. The company had revenue of C$3.78 billion during the quarter, compared to analysts’ expectations of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. Research analysts predict that Canadian Pacific Kansas City will post 4.3864556 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared 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. 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 presently 18.05%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. In related news, Senior Officer Nadeem Velani sold 1,500 shares of Canadian Pacific Kansas City stock in a transaction dated Friday, March 8th. The stock was sold at an average price of C$122.15, for a total transaction of C$183,225.00. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. Over the last 90 days, insiders sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is currently owned by corporate 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.