Canadian Pacific Kansas City Limited (TSE:CP) Given Average Rating of “Buy” by Brokerages

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has been assigned a consensus recommendation of “Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$119.54.

A number of equities analysts recently commented on the company. TD Securities increased their price target on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Citigroup cut their target price on Canadian Pacific Kansas City from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their target price on Canadian Pacific Kansas City from C$125.00 to C$131.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Scotiabank cut their target price on Canadian Pacific Kansas City from C$122.00 to C$119.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Raymond James Financial boosted their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at C$108.27 on Friday. The stock has a 50 day moving average of C$103.87 and a 200 day moving average of C$105.66. Canadian Pacific Kansas City has a 12 month low of C$94.60 and a 12 month high of C$118.80. The firm has a market cap of C$99.39 billion, a PE ratio of 24.11, a PEG ratio of 2.32 and a beta of 1.08. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, October 27th will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.91 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City’s payout ratio is currently 17.77%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.