Canadian Pacific Kansas City (TSE:CP) Stock Gets Price Target Cut from ATB Cormark Capital Markets

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective lowered by ATB Cormark Capital Markets from C$146.00 to C$144.00 in a research report report published on Thursday,BayStreet reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on CP. BMO Capital Markets increased their target price on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Scotia boosted their price target on shares of Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Thursday. TD upped their price objective on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Citigroup upped their price objective on shares of Canadian Pacific Kansas City from C$102.00 to C$106.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, National Bank Financial raised their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$142.00 and gave the stock an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of C$139.41.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at C$125.33 on Thursday. The stock’s fifty day simple moving average is C$124.45 and its 200 day simple moving average is C$119.31. The company has a debt-to-equity ratio of 56.46, a current ratio of 0.52 and a quick ratio of 0.42. The firm has a market cap of C$108.98 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 2.32 and a beta of 1.33. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$133.38.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, October 28th. The company reported C$1.28 earnings per share (EPS) for the quarter. The firm had revenue of C$4.22 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. On average, analysts expect that Canadian Pacific Kansas City will post 4.34 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 26th were given a dividend of $0.2680 per share. The ex-dividend date was Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is 22.91%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, insider Mark Ashley Redd sold 52,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the sale, the insider owned 2,199 shares of the company’s stock, valued at C$295,765.50. This represents a 95.94% decrease in their position. Also, insider Laird Joseph Pitz sold 24,630 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Insiders have sold a total of 78,015 shares of company stock valued at $10,505,115 in the last 90 days. 0.03% of the stock is currently owned by insiders.

Key Stories Impacting Canadian Pacific Kansas City

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

• Positive Sentiment: Analyst targets remain mostly bullish. CIBC raised its target to C$150, while Scotia, National Bank Financial and ATB Cormark also increased or maintained targets between C$142 and C$150, with “outperform” ratings. Desjardins kept a “buy” rating despite trimming its target to C$141. CIBC price target article
• Positive Sentiment: Third-quarter revenue increased on higher shipment volumes. CP reported C$4.22 billion in quarterly revenue and C$1.28 in earnings per share, providing evidence of continued demand across its rail network. Q3 sales increase article
• Positive Sentiment: Coal-related business adds potential growth and revenue visibility. A new coal deal and the renewal of a rail-service agreement with Elk Valley Resources may support future volumes and strengthen CP’s position in the Canadian coal corridor. New coal deal article
• Neutral Sentiment: Citigroup raised its target to C$106 and retained a “buy” rating, but that target is below CP’s current trading level, signaling a more cautious valuation view than other analysts. Citigroup analyst rating
• Negative Sentiment: Higher fuel costs limited earnings growth. Reports characterized quarterly profits as flat or pressured despite higher revenue, raising concerns about near-term margin expansion. Canadian Pacific Kansas City rail earnings article

Canadian Pacific Kansas City Company Profile

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.