Canadian Pacific Kansas City (TSE:CP) Price Target Cut to C$125.00 by Analysts at Barclays

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

A number of other brokerages have also issued reports on CP. Loop Capital lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. Sanford C. Bernstein cut their price objective on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. CIBC lowered their target price on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Stephens raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Desjardins lifted their price target on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a “buy” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$124.36.

Canadian Pacific Kansas City Price Performance

TSE CP opened at C$99.86 on Wednesday. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The firm has a market capitalization of C$93.34 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a 50 day simple moving average of C$108.52 and a 200-day simple moving average of C$108.78. Canadian Pacific Kansas City has a 52-week low of C$96.80 and a 52-week high of C$121.35.

Canadian Pacific Kansas City Announces Dividend

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

Insider Transactions at Canadian Pacific Kansas City

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

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.