Desjardins Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$131.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective trimmed by Desjardins from C$132.00 to C$131.00 in a research report sent to investors on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.26 EPS, FY2025 earnings at $5.02 EPS, FY2026 earnings at $5.91 EPS, FY2027 earnings at $6.86 EPS and FY2028 earnings at $7.75 EPS.

CP has been the subject of several other reports. ATB Capital raised their target price on 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. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Royal Bank of Canada reduced their target price on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, TD Securities lifted their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$121.43.

Canadian Pacific Kansas City Stock Down 1.5 %

TSE:CP opened at C$107.18 on Thursday. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The company has a 50 day simple moving average of C$112.40. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The company has a market capitalization of C$100.01 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79.

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

Canadian Pacific Kansas City Announces Dividend

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

Insiders Place Their Bets

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction that occurred on 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. In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction on 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. Company 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.