Analysts Set Canadian Pacific Kansas City Limited (TSE:CP) Target Price at C$124.07

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$124.07.

Several research firms have issued reports on CP. Scotiabank decreased their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. National Bankshares raised their price target on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Finally, UBS Group raised their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research report on Thursday, January 30th.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of Canadian Pacific Kansas City stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$307,694.64. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Insiders sold 88,994 shares of company stock valued at $9,572,099 in the last ninety days. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

TSE:CP opened at C$110.56 on Friday. 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 firm has a market capitalization of C$103.34 billion, a PE ratio of 29.19, a PEG ratio of 2.32 and a beta of 0.79. The firm’s fifty day simple moving average is C$109.04 and its 200 day simple moving average is C$109.71. 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 company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.06%.

Canadian Pacific Kansas City Company Profile

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.