National Bankshares Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$119.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective decreased by National Bankshares from C$121.00 to C$119.00 in a report published on Thursday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Other analysts have also recently issued reports about the company. Scotiabank dropped their price target on Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a sector perform rating for the company in a report on Thursday. Barclays boosted their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday, April 4th. Royal Bank of Canada upped their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. Raymond James boosted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an outperform rating in a report on Monday, April 22nd. Finally, TD Securities raised their target price on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a hold rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$120.63.

Canadian Pacific Kansas City Price Performance

TSE:CP opened at C$111.63 on Thursday. The firm’s fifty day moving average price is C$118.24 and its two-hundred day moving average price is C$108.31. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. The company has a market cap of C$104.10 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.02). The company had revenue of C$3.52 billion during the quarter, compared to the consensus estimate of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. Equities analysts expect that Canadian Pacific Kansas City will post 4.3266423 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.19 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.05%.

Insider Buying and Selling

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 related news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total value of C$7,162,691.43. Also, 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 value of C$930,859.57. Insiders sold a total of 97,758 shares of company stock worth $10,774,715 in the last three months. 0.03% of the stock is 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.