Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$134.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective lifted by TD from C$128.00 to C$134.00 in a research report report published on Thursday,BayStreet.CA reports. TD currently has a hold rating on the stock.

Several other research firms have also recently weighed in on CP. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. increased their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday. Raymond James Financial raised their price target on shares of Canadian Pacific Kansas City from C$125.00 to C$140.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Scotiabank boosted their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 16th. Finally, ATB Cormark Capital Markets upped their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of C$134.36.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at C$124.52 on Thursday. The company has a market capitalization of C$110.54 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 1-year low of C$96.50 and a 1-year high of C$131.89. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. The stock’s fifty day simple moving average is C$125.42 and its 200-day simple moving average is C$116.30.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$1.27 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%.The firm had revenue of C$4.16 billion during the quarter. On average, sell-side analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 27th were issued a $0.268 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.36%.

Insider Activity

In related news, insider Maeghan Dawn Albiston sold 5,690 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$125.00, for a total transaction of C$711,250.00. Also, insider James Dominic Luther Clements sold 21,035 shares of Canadian Pacific Kansas City stock in a transaction that occurred 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 90 days, insiders have sold 99,515 shares of company stock valued at $12,279,066. 0.03% of the stock is currently owned by company insiders.

Trending Headlines about Canadian Pacific Kansas City

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

• Positive Sentiment: Broad-based analyst optimism: Eight firms increased their price targets. The revisions range from C$134 to C$153, implying approximately 8.7% to 24.1% upside from the referenced C$123.31 share price. Most firms maintained or initiated bullish ratings, including “outperform” ratings from National Bank Financial, RBC, Raymond James, ATB Cormark and BMO, plus a “buy” rating from Desjardins. BayStreet.CA analyst ratings
• Positive Sentiment: JPMorgan delivered the largest increase: JPMorgan lifted its target from C$135 to C$153, representing the highest target among the updates and the greatest implied upside. BayStreet.CA analyst ratings
• Positive Sentiment: Other notable target increases: RBC raised its target to C$145 from C$139, BMO to C$145 from C$142, National Bank to C$140 from C$132, and Raymond James to C$144 from C$140. These revisions reinforce the view that CP’s current valuation may not fully reflect its growth prospects. TickerReport analyst ratings
• Neutral Sentiment: TD remained cautious: Although TD raised its target from C$128 to C$134, it retained a “hold” rating, suggesting that some analysts see more limited near-term upside after the stock’s recent gains. BayStreet.CA analyst ratings

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.