ATB Cormark Capital Markets Issues Positive Forecast for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective lifted by ATB Cormark Capital Markets from C$130.00 to C$137.00 in a research note issued to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. increased their price target on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th. Royal Bank Of Canada raised their target price on Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Scotiabank upped their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday. Finally, Sanford C. Bernstein boosted their price target on shares of Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research report on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of C$127.86.

Canadian Pacific Kansas City Stock Down 0.3%

TSE:CP traded down C$0.39 on Friday, hitting C$127.62. The stock had a trading volume of 690,759 shares, compared to its average volume of 1,474,293. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. Canadian Pacific Kansas City has a 52 week low of C$96.50 and a 52 week high of C$129.19. The business’s fifty day moving average is C$122.12 and its 200 day moving average is C$113.43. The company has a market cap of C$113.29 billion, a PE ratio of 28.49, a P/E/G ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. The company had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. On average, equities research analysts expect that Canadian Pacific Kansas City will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 27th will be issued a dividend of $0.268 per share. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 0.8%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.36%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider Cassandra P. Quach sold 4,015 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$124.82, for a total transaction of C$501,152.30. Also, insider James Dominic Luther Clements sold 21,035 shares of Canadian Pacific Kansas City stock in a transaction on Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. In the last three months, insiders have sold 99,515 shares of company stock valued at $12,279,066. 0.03% of the stock is currently owned by insiders.

Key Headlines Impacting Canadian Pacific Kansas City

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Desjardins raised its price target on Canadian Pacific Kansas City to C$141 from C$131 and reiterated a buy rating, signaling meaningful upside confidence. Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$141.00 at Desjardins
• Positive Sentiment: ATB Cormark Capital Markets lifted its target to C$137 from C$130 and kept an outperform rating, also implying further share-price upside. Canadian Pacific Kansas City had its price target raised by ATB Cormark Capital Markets
• Positive Sentiment: Wells Fargo initiated or reiterated a buy view on Canadian Pacific Kansas City, adding to the bullish analyst sentiment. Canadian Pacific Kansas City (CP) Receives a Buy from Wells Fargo
• Neutral Sentiment: TD raised its price target modestly to C$128 from C$117, but that is only slightly above the current trading level, suggesting limited additional near-term upside. BayStreet.CA analyst ratings update
• Neutral Sentiment: Stephens upgraded the stock to hold, which is more cautious than the stronger buy ratings from other firms. Canadian Pacific Kansas City was upgraded by Stephens to hold

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.