Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Price Target at C$124.38

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have been given an average rating of “Buy” by the fifteen analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$124.23.

Several research firms have recently issued reports on CP. Citigroup set a C$97.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Susquehanna upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada cut their price objective on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, Desjardins cut their price target on shares of 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.

Canadian Pacific Kansas City Stock Performance

CP opened at C$114.49 on Monday. The stock has a market cap of C$106.83 billion, a P/E ratio of 30.69, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42. The firm has a fifty day moving average price of C$106.74 and a 200 day moving average price of C$109.77. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.66%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 51,727 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business’s 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. Insiders have sold a total of 70,284 shares of company stock worth $7,398,669 in the last ninety days. Insiders own 0.03% of the company’s stock.

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.