Sanford C. Bernstein Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$126.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective raised by Sanford C. Bernstein from C$122.00 to C$126.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other brokerages have also recently weighed in on CP. Raymond James boosted their target price on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an outperform rating in a report on Monday, April 22nd. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the stock a sector perform rating in a report on Thursday, June 27th. Scotiabank upgraded Canadian Pacific Kansas City from a sector perform rating to an outperform rating and upped their price objective for the company from C$124.00 to C$130.00 in a report on Wednesday, July 10th. ATB Capital upped their price objective on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an outperform rating in a report on Wednesday. Finally, Barclays upped their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$123.87.

Canadian Pacific Kansas City Trading Down 2.0 %

Shares of Canadian Pacific Kansas City stock opened at C$109.26 on Wednesday. The stock has a market cap of C$101.91 billion, a P/E ratio of 26.98, a P/E/G ratio of 2.32 and a beta of 0.77. The stock’s 50 day simple moving average is C$109.40 and its 200-day simple moving average is C$112.63. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37. The company has a debt-to-equity ratio of 51.94, a current ratio of 0.49 and a quick ratio of 0.42.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, October 28th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 18.77%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Jeffrey Ellis sold 21,255 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of C$111.35, for a total value of C$2,366,646.48. In other news, Senior Officer Jeffrey Ellis sold 21,255 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of C$111.35, for a total transaction of C$2,366,646.48. Also, Senior Officer Keith E. Creel sold 59,925 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total value of C$6,473,511.98. Insiders have sold a total of 208,730 shares of company stock valued at $22,779,501 over the last quarter. 0.03% of the stock is owned by company insiders.

About Canadian Pacific Kansas City

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.