Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$106.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target upped by Citigroup from C$102.00 to C$106.00 in a report released on Thursday morning,BayStreet reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on CP. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Scotiabank boosted their target price 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 note on Thursday, July 16th. Stifel Nicolaus set a C$150.00 target price on Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Tuesday, October 27th. ATB Cormack raised their target price on Canadian Pacific Kansas City from C$143.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Finally, National Bank Financial lifted their price target on Canadian Pacific Kansas City from C$140.00 to C$142.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of C$139.41.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at C$125.33 on Thursday. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$133.38. The company has a 50-day moving average of C$124.45 and a two-hundred day moving average of C$119.31. The stock has a market cap of C$108.98 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 2.32 and a beta of 1.33. The company has a debt-to-equity ratio of 56.46, a current ratio of 0.52 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share (EPS) for the quarter. The business had revenue of C$4.22 billion for the quarter. Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 8.37%. On average, equities research analysts expect that Canadian Pacific Kansas City will post 4.34 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 26th were given a $0.2680 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 22.91%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, insider Laird Joseph Pitz sold 24,630 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total value of C$3,327,020.40. Also, insider Pamela Lynne Arpin sold 1,385 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$132.92, for a total transaction of C$184,094.20. Following the completion of the sale, the insider owned 4,578 shares of the company’s stock, valued at approximately C$608,507.76. The trade was a 23.23% decrease in their position. Over the last three months, insiders sold 78,015 shares of company stock worth $10,505,115. 0.03% of the stock is owned by company insiders.

More Canadian Pacific Kansas City News

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

• Positive Sentiment: Analyst targets remain mostly bullish. CIBC raised its target to C$150, while Scotia, National Bank Financial and ATB Cormark also increased or maintained targets between C$142 and C$150, with “outperform” ratings. Desjardins kept a “buy” rating despite trimming its target to C$141. CIBC price target article
• Positive Sentiment: Third-quarter revenue increased on higher shipment volumes. CP reported C$4.22 billion in quarterly revenue and C$1.28 in earnings per share, providing evidence of continued demand across its rail network. Q3 sales increase article
• Positive Sentiment: Coal-related business adds potential growth and revenue visibility. A new coal deal and the renewal of a rail-service agreement with Elk Valley Resources may support future volumes and strengthen CP’s position in the Canadian coal corridor. New coal deal article
• Neutral Sentiment: Citigroup raised its target to C$106 and retained a “buy” rating, but that target is below CP’s current trading level, signaling a more cautious valuation view than other analysts. Citigroup analyst rating
• Negative Sentiment: Higher fuel costs limited earnings growth. Reports characterized quarterly profits as flat or pressured despite higher revenue, raising concerns about near-term margin expansion. Canadian Pacific Kansas City rail earnings article

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.