Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$146.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective boosted by ATB Cormack from C$143.00 to C$146.00 in a report released on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.

CP has been the topic of several other reports. Desjardins increased their price target on shares of Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research note on Thursday, July 30th. Citizens Jmp raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada lifted their price objective on Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Finally, Raymond James Financial lifted their price objective on Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of C$135.20.

Canadian Pacific Kansas City Price Performance

Shares of TSE CP opened at C$123.48 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. The company’s 50-day moving average price is C$125.30 and its 200 day moving average price is C$122.54. Canadian Pacific Kansas City has a 52 week low of C$96.50 and a 52 week high of C$133.38. The stock has a market cap of C$108.55 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.32 and a beta of 1.33.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share (EPS) for the quarter. The company had revenue of C$4.16 billion during the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. As a group, research analysts forecast that Canadian Pacific Kansas City will post 4.34 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 26th will be given a $0.2680 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is currently 22.14%.

Insider Activity at Canadian Pacific Kansas City

In related news, insider Laird Joseph Pitz sold 24,630 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Also, insider Pamela Lynne Arpin sold 1,385 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$132.92, for a total transaction of C$184,094.20. Following the sale, the insider owned 4,578 shares in the company, valued at approximately C$608,507.76. This trade represents a 23.23% decrease in their position. Over the last 90 days, insiders have sold 78,015 shares of company stock valued at $10,505,115. Company insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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.