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

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

CP has been the subject of a number of other reports. 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. JPMorgan Chase & Co. raised their price objective on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. ATB Capital upped their target price on Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a report on Thursday. Wolfe Research raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, National Bankshares increased their target price on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Buy” and a consensus target price of C$124.07.

Canadian Pacific Kansas City Stock Up 1.7 %

Shares of CP opened at C$115.62 on Thursday. Canadian Pacific Kansas City has a 52 week low of C$101.76 and a 52 week high of C$123.37. The stock has a market capitalization of C$107.89 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The stock has a fifty day moving average of C$107.39 and a 200-day moving average of C$109.87.

Canadian Pacific Kansas City Announces Dividend

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

Insiders Place Their Bets

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the stock in a transaction on 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 Keith E. Creel sold 51,727 shares of the 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. In the last three months, insiders have sold 70,284 shares of company stock worth $7,398,669. Corporate insiders own 0.03% of the company’s stock.

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.