Canadian Pacific Kansas City Limited (TSE:CP) Receives C$124.38 Consensus Price Target from Analysts

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has earned a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$124.23.

A number of brokerages have weighed in on CP. JPMorgan Chase & Co. lifted their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. National Bankshares lifted their price objective on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, 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.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 51,727 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total value of C$5,426,615.01. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total value of C$1,664,359.45. Over the last 90 days, insiders have sold 70,284 shares of company stock worth $7,398,669. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP opened at C$114.49 on Monday. The firm’s 50 day simple moving average is C$106.74 and its 200-day simple moving average is C$109.77. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. Canadian Pacific Kansas City has a one year low of C$101.76 and a one year high of C$123.37. The firm has a market cap of C$106.83 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

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.