Raymond James Financial Analysts Give Canadian Pacific Kansas City (TSE:CP) a C$144.00 Price Target

Raymond James Financial set a C$144.00 price objective on Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) in a report released on Monday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also commented on the stock. Desjardins raised their price objective 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 note on Thursday, July 30th. BMO Capital Markets boosted their target price on Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Barclays upped their target price on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. Scotiabank upped their target price on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 16th. Finally, ATB Cormack increased their price target on Canadian Pacific Kansas City from C$143.00 to C$146.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$135.20.

Canadian Pacific Kansas City Stock Up 0.8%

Canadian Pacific Kansas City stock opened at C$123.65 on Monday. The stock has a market cap of C$108.70 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.32 and a beta of 1.33. 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$125.00 and its two-hundred day moving average price is C$122.93. Canadian Pacific Kansas City has a 52 week low of C$96.50 and a 52 week high of C$133.38.

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

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 26th will be issued a $0.2680 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 22.14%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, insider Laird Joseph Pitz sold 24,630 shares of the 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 value of C$3,327,020.40. Also, insider Mark Ashley Redd sold 52,000 shares of Canadian Pacific Kansas City stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total value of C$6,994,000.00. Following the sale, the insider directly owned 2,199 shares of the company’s stock, valued at approximately C$295,765.50. The trade was a 95.94% decrease in their position. In the last three months, insiders have sold 78,015 shares of company stock worth $10,505,115. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.