Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) Price Target at C$124.07

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, nine have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$124.07.

CP has been the topic of several analyst reports. Loop Capital cut Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, February 3rd. ATB Capital increased their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. UBS Group upped their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a report on Thursday, January 30th. Finally, Desjardins lifted their price objective on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a “buy” rating in a research note on Thursday, January 30th.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$106.10, for a total value of C$307,694.64. Also, Senior Officer Keith E. Creel sold 51,727 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total value of C$5,426,615.01. Insiders sold 88,994 shares of company stock worth $9,572,099 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of TSE CP opened at C$112.52 on Friday. The company has a market capitalization of C$105.17 billion, a PE ratio of 29.70, a PEG ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The stock’s 50 day moving average price is C$108.77 and its 200-day moving average price is C$109.73. Canadian Pacific Kansas City has a twelve month low of C$101.76 and a twelve month high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is currently 20.06%.

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.