Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$140.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective lifted by National Bank Financial from C$132.00 to C$140.00 in a research report report published on Thursday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

CP has been the topic of several other reports. Barclays boosted their target price on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. Royal Bank Of Canada raised their price target on Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Citizens Jmp raised Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 15th. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of C$134.36.

Canadian Pacific Kansas City Trading Up 1.0%

Shares of CP stock opened at C$124.52 on Thursday. The company has a market capitalization of C$110.54 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$131.89. The company has a quick ratio of 0.42, a current ratio of 0.59 and a debt-to-equity ratio of 53.93. The firm has a 50-day moving average price of C$125.42 and a 200 day moving average price of C$116.30.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. The firm had revenue of C$4.16 billion for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. Research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were given a dividend of $0.268 per share. The ex-dividend date was Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.36%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, insider James Dominic Luther Clements sold 21,035 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Also, insider John Kenneth Brooks sold 65,130 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of C$122.24, for a total value of C$7,961,491.20. Insiders have sold a total of 99,515 shares of company stock valued at $12,279,066 over the last ninety days. Company insiders own 0.03% of the company’s stock.

More Canadian Pacific Kansas City News

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Broad-based analyst optimism: Eight firms increased their price targets. The revisions range from C$134 to C$153, implying approximately 8.7% to 24.1% upside from the referenced C$123.31 share price. Most firms maintained or initiated bullish ratings, including “outperform” ratings from National Bank Financial, RBC, Raymond James, ATB Cormark and BMO, plus a “buy” rating from Desjardins. BayStreet.CA analyst ratings
• Positive Sentiment: JPMorgan delivered the largest increase: JPMorgan lifted its target from C$135 to C$153, representing the highest target among the updates and the greatest implied upside. BayStreet.CA analyst ratings
• Positive Sentiment: Other notable target increases: RBC raised its target to C$145 from C$139, BMO to C$145 from C$142, National Bank to C$140 from C$132, and Raymond James to C$144 from C$140. These revisions reinforce the view that CP’s current valuation may not fully reflect its growth prospects. TickerReport analyst ratings
• Neutral Sentiment: TD remained cautious: Although TD raised its target from C$128 to C$134, it retained a “hold” rating, suggesting that some analysts see more limited near-term upside after the stock’s recent gains. BayStreet.CA analyst ratings

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.