Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$128.00 at TD

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target increased by TD from C$117.00 to C$128.00 in a research report sent to investors on Friday,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the company. BMO Capital Markets boosted their target price on Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday. Scotiabank raised their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock a “hold” rating in a report on Thursday, April 9th. Barclays upped their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. upped their price objective on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of C$127.86.

Canadian Pacific Kansas City Trading Down 0.3%

CP stock traded down C$0.39 during midday trading on Friday, reaching C$127.62. The stock had a trading volume of 690,759 shares, compared to its average volume of 1,474,293. Canadian Pacific Kansas City has a twelve month low of C$96.50 and a twelve month high of C$129.19. The business has a fifty day simple moving average of C$122.12 and a two-hundred day simple moving average of C$113.43. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. The firm has a market cap of C$113.29 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. The business had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. As a group, research analysts expect that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 27th will be given a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.36%.

Insider Buying and Selling

In other news, insider John Kenneth Brooks sold 65,130 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Also, insider James Dominic Luther Clements sold 21,035 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$125.68, for a total value of C$2,643,678.80. Over the last 90 days, insiders sold 99,515 shares of company stock valued at $12,279,066. 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: Desjardins raised its price target on Canadian Pacific Kansas City to C$141 from C$131 and reiterated a buy rating, signaling meaningful upside confidence. Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$141.00 at Desjardins
• Positive Sentiment: ATB Cormark Capital Markets lifted its target to C$137 from C$130 and kept an outperform rating, also implying further share-price upside. Canadian Pacific Kansas City had its price target raised by ATB Cormark Capital Markets
• Positive Sentiment: Wells Fargo initiated or reiterated a buy view on Canadian Pacific Kansas City, adding to the bullish analyst sentiment. Canadian Pacific Kansas City (CP) Receives a Buy from Wells Fargo
• Neutral Sentiment: TD raised its price target modestly to C$128 from C$117, but that is only slightly above the current trading level, suggesting limited additional near-term upside. BayStreet.CA analyst ratings update
• Neutral Sentiment: Stephens upgraded the stock to hold, which is more cautious than the stronger buy ratings from other firms. Canadian Pacific Kansas City was upgraded by Stephens to hold

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.