Canadian Pacific Kansas City (CP) – Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Canadian Pacific Kansas City (NYSE: CP):

• 4/12/2024 – Canadian Pacific Kansas City had its price target raised by analysts at Stifel Nicolaus from $80.00 to $83.00. They now have a “hold” rating on the stock.
• 4/10/2024 – Canadian Pacific Kansas City had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 4/10/2024 – Canadian Pacific Kansas City had its price target raised by analysts at Bank of America Co. from $87.00 to $97.00. They now have a “buy” rating on the stock.
• 4/8/2024 – Canadian Pacific Kansas City is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $105.00 price target on the stock.
• 4/4/2024 – Canadian Pacific Kansas City had its price target raised by analysts at Barclays PLC from $90.00 to $96.00. They now have an “overweight” rating on the stock.
• 3/28/2024 – Canadian Pacific Kansas City had its price target lowered by analysts at Susquehanna from $85.00 to $84.00. They now have a “neutral” rating on the stock.
• 3/25/2024 – Canadian Pacific Kansas City had its “sector perform” rating reaffirmed by analysts at Scotiabank.

Canadian Pacific Kansas City Stock Up 0.5 %

Shares of CP traded up $0.42 during trading hours on Friday, hitting $84.36. The company had a trading volume of 586,903 shares, compared to its average volume of 2,019,799. The firm has a fifty day moving average price of $87.11 and a 200-day moving average price of $79.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market capitalization of $78.68 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 2.15 and a beta of 0.94. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases 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 issued a $0.1415 dividend. This represents a $0.57 annualized dividend and a yield of 0.67%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.83%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Canadian Pacific Kansas City by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock valued at $196,672,000 after purchasing an additional 13,727 shares during the period. Dixon Mitchell Investment Counsel Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.8% during the 1st quarter. Dixon Mitchell Investment Counsel Inc. now owns 232,543 shares of the transportation company’s stock valued at $20,556,000 after purchasing an additional 4,066 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Canadian Pacific Kansas City by 28.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 590,411 shares of the transportation company’s stock valued at $52,057,000 after purchasing an additional 131,759 shares during the period. BKM Wealth Management LLC grew its stake in shares of Canadian Pacific Kansas City by 27.9% during the 1st quarter. BKM Wealth Management LLC now owns 6,385 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 1,393 shares during the period. Finally, Chapin Davis Inc. bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $449,000. 72.20% of the stock is currently owned by institutional investors.

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.