Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.1318 per share by the transportation company on Monday, April 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, March 28th.
Canadian Pacific Kansas City has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Canadian Pacific Kansas City to earn $3.99 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.0%.
Canadian Pacific Kansas City Stock Performance
Shares of NYSE CP opened at $79.57 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market cap of $74.28 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.04 and a beta of 0.96. The company has a 50-day simple moving average of $75.40 and a 200-day simple moving average of $79.02. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58.
Analyst Ratings Changes
A number of brokerages have issued reports on CP. Wells Fargo & Company decreased their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Sanford C. Bernstein lowered their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Finally, Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.45.
View Our Latest Research Report on CP
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.
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