Canadian Pacific Kansas City Limited (TSE:CP) Given Consensus Rating of “Buy” by Brokerages

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has earned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, nine have given a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$119.77.

A number of research firms have commented on CP. Desjardins decreased their price target on Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. National Bankshares lifted their price objective on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a research report on Thursday, September 18th. JPMorgan Chase & Co. raised their target price on Canadian Pacific Kansas City from C$125.00 to C$131.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Citigroup cut their price target on shares of Canadian Pacific Kansas City from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, ATB Capital lifted their target price on shares of Canadian Pacific Kansas City from C$123.00 to C$124.00 and gave the company an “outperform” rating in a report on Thursday, July 31st.

Canadian Pacific Kansas City Trading Up 0.6%

Shares of CP stock opened at C$104.32 on Friday. The stock has a market cap of C$95.76 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.32 and a beta of 1.08. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$118.80. The company’s 50-day moving average price is C$103.77 and its 200-day moving average price is C$105.66. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, October 27th will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is currently 17.77%.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.