Canadian Pacific Kansas City (TSE:CP) Stock Rating Upgraded by Susquehanna

Susquehanna upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a hold rating to a strong-buy rating in a research note released on Thursday morning, Zacks.com reports.

CP has been the subject of a number of other research reports. ATB Capital boosted their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a research report on Thursday. Desjardins cut their price objective on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a research report on Thursday. TD Securities raised their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. National Bankshares lifted their price target on 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. Finally, Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$121.43.

Canadian Pacific Kansas City Stock Down 1.5 %

Shares of CP stock opened at C$107.18 on Thursday. The stock’s 50 day simple moving average is C$112.40 and its 200 day simple moving average is C$111.45. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37. 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 company has a market capitalization of C$100.01 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, beating the consensus estimate of C$1.01 by C$0.04. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. The company had revenue of C$3.60 billion for the quarter, compared to the consensus estimate of C$3.55 billion. As a group, research analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.19 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.76 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. 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.