Scotiabank Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$128.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective cut by Scotiabank from C$130.00 to C$128.00 in a report released on Monday morning,BayStreet.CA reports.

Several other research analysts have also recently weighed in on the stock. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays lifted their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Citigroup set a C$97.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$124.23.

Canadian Pacific Kansas City Stock Up 1.3 %

Shares of Canadian Pacific Kansas City stock opened at C$112.84 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The company’s fifty day simple moving average is C$106.30 and its two-hundred day simple moving average is C$109.66. The company has a market cap of C$105.29 billion, a P/E ratio of 30.25, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12-month low of C$101.76 and a 12-month high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C$0.99 EPS for the quarter, missing the consensus estimate of C$1.01 by C($0.02). Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. During the same quarter in the previous year, the company earned $0.92 EPS. Research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 27th will be given a $0.19 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.38%.

Insider Activity

In other news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total value of C$1,664,359.45. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$307,694.64. Insiders have sold a total of 70,284 shares of company stock worth $7,398,669 over the last 90 days. 0.03% of the stock is currently 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.