Stifel Nicolaus Reiterates “C$150.00” Price Target for Canadian Pacific Kansas City (TSE:CP)

Stifel Nicolaus set a C$150.00 target price on Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) in a report released on Tuesday morning,BayStreet reports. The firm currently has a buy rating on the stock.

CP has been the subject of several other research reports. TD lifted their price objective on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Citizens Jmp upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 15th. Scotiabank increased their target price on shares of 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. Raymond James Financial set a C$144.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “outperform” rating in a report on Monday, October 19th. Finally, National Bank Financial set a C$140.00 price target on shares of Canadian Pacific Kansas City and gave the company an “outperform” rating in a research report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$139.41.

Canadian Pacific Kansas City Stock Down 1.6%

CP opened at C$123.70 on Tuesday. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.38. The company has a debt-to-equity ratio of 56.46, a quick ratio of 0.42 and a current ratio of 0.52. The company has a market capitalization of C$108.74 billion, a P/E ratio of 28.77, a P/E/G ratio of 2.32 and a beta of 1.33. The stock has a fifty day moving average of C$124.56 and a 200-day moving average of C$119.18.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, October 28th. The company reported C$1.28 EPS for the quarter. Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 8.37%. The business had revenue of C$4.22 billion for the quarter. On average, equities analysts expect that Canadian Pacific Kansas City will post 4.34 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 26th were issued a dividend of $0.2680 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 22.14%.

Insider Buying and Selling

In related news, insider Laird Joseph Pitz sold 24,630 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was 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 the business’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 2,199 shares of the company’s stock, valued at approximately C$295,765.50. This trade represents a 95.94% decrease in their position. Over the last quarter, insiders have sold 78,015 shares of company stock worth $10,505,115. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City News Roundup

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Revenue and volumes increased: Third-quarter revenue reached C$4.22 billion, supported by higher freight volumes. The company reported earnings of C$1.28 per share, while its net margin remained a strong 25.04%. Canadian Pacific Kansas City Limited Q3 Sales Increase
• Positive Sentiment: Analysts remain broadly bullish: CIBC raised its price target to C$150, while Scotia increased its target to C$144 and National Bank Financial to C$142; all maintained or assigned positive “outperform” or “buy” ratings. Desjardins and ATB Cormark also retained bullish ratings, with targets of C$141 and C$144, respectively. Analyst target revisions
• Positive Sentiment: Coal-related business provides additional support: CPKC renewed its rail-service agreement with Elk Valley Resources, and coverage characterized a new coal deal as contributing to third-quarter growth. CPKC Renews Rail Service Deal
• Neutral Sentiment: Mixed target signals: Citigroup raised its target to C$106 and kept a “buy” rating, but its target remains below the current trading level. This contrasts with the higher targets from most other firms and highlights disagreement over near-term valuation. Citigroup analyst rating
• Negative Sentiment: Fuel costs pressured earnings: Reports described profits as flat or earnings as dented by higher fuel expenses, tempering the benefit from stronger sales and freight volumes. Canadian Pacific Kansas City reports flat profits amid higher fuel costs

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.