Canadian Pacific Kansas City Limited (CP) To Go Ex-Dividend on December 27th

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) declared a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Shareholders of record on Friday, December 27th will be paid a dividend of 0.14 per share by the transportation company on Monday, January 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14.

Canadian Pacific Kansas City has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Canadian Pacific Kansas City to earn $3.62 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 15.5%.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $73.38 on Wednesday. Canadian Pacific Kansas City has a 1-year low of $70.89 and a 1-year high of $91.58. The firm’s 50-day moving average price is $76.31 and its two-hundred day moving average price is $79.67. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $68.49 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CP. Bank of America reduced their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Sanford C. Bernstein lowered their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Barclays upped their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.25.

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.