Barclays Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$125.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price cut by Barclays from C$130.00 to C$125.00 in a research report report published on Wednesday,BayStreet.CA reports.

Other research analysts have also issued research reports about the company. CIBC reduced their price target on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Scotiabank decreased their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. Royal Bank of Canada dropped their price target on shares of Canadian Pacific Kansas City from C$128.00 to C$122.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. Loop Capital cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 3rd. Finally, Wolfe Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of C$124.36.

Canadian Pacific Kansas City Stock Performance

CP opened at C$99.86 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The business’s 50 day moving average is C$108.52 and its 200-day moving average is C$108.78. The stock has a market cap of C$93.34 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a twelve month low of C$96.80 and a twelve month high of C$121.35.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is 20.06%.

Insider Buying and Selling

In related news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total value of C$2,173,430.39. 0.03% of the stock is currently owned by company insiders.

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.