Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$134.00 at Desjardins

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective increased by Desjardins from C$133.00 to C$134.00 in a report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also commented on the company. Royal Bank of Canada boosted their price target on Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup set a C$97.00 price target on Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Wednesday, October 9th. Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$124.07.

Canadian Pacific Kansas City Stock Performance

CP stock opened at C$115.62 on Thursday. The business’s 50-day moving average price is C$107.39 and its two-hundred day moving average price is C$109.87. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The firm has a market cap of C$107.89 billion, a PE ratio of 31.00, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 1-year low of C$101.76 and a 1-year high of C$123.37.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.66%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of the company’s stock in a transaction on 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. Insiders have sold 70,284 shares of company stock valued at $7,398,669 over the last 90 days. 0.03% of the stock is owned by corporate 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.