Analysts Set Canadian Pacific Kansas City Limited (TSE:CP) Price Target at C$121.43

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$121.43.

Several analysts have issued reports on CP shares. ATB Capital increased their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup set a C$97.00 target price on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Wednesday, October 9th. National Bankshares upped their target price on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Desjardins cut their price objective on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Sanford C. Bernstein lowered their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$106.10, for a total value of C$307,694.64. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total value of C$1,664,359.45. Over the last quarter, insiders have sold 70,284 shares of company stock worth $7,398,669. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.2 %

CP stock opened at C$103.29 on Thursday. The firm’s 50-day moving average is C$106.60. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a twelve month low of C$101.76 and a twelve month high of C$123.37. The stock has a market cap of C$96.38 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Dividend Announcement

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 given a dividend of $0.19 per share. The ex-dividend date is Friday, December 27th. This represents a $0.76 annualized dividend and a yield of 0.74%. Canadian Pacific Kansas City’s payout ratio is 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.