Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$130.00 at CIBC

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target raised by CIBC from C$124.00 to C$130.00 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Desjardins lifted their price objective on shares of Canadian Pacific Kansas City from C$108.00 to C$118.00 and gave the company a buy rating in a research note on Thursday, January 18th. Sanford C. Bernstein boosted their price target on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a market perform rating in a research report on Monday, February 5th. Royal Bank of Canada dropped their price target on shares of Canadian Pacific Kansas City from C$128.00 to C$127.00 and set an outperform rating on the stock in a research report on Wednesday, January 31st. Stephens boosted their price target on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an equal weight rating in a research report on Thursday, January 4th. Finally, Scotiabank cut shares of Canadian Pacific Kansas City from an outperform rating to a sector perform rating and boosted their price target for the stock from C$120.00 to C$126.00 in a research report on Monday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$116.75.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at C$120.08 on Wednesday. Canadian Pacific Kansas City has a 1 year low of C$94.45 and a 1 year high of C$123.37. The company has a market cap of C$111.98 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a fifty day moving average of C$114.64 and a 200-day moving average of C$105.87.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.06. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. The business had revenue of C$3.78 billion for the quarter, compared to analysts’ expectations of C$3.66 billion. As a group, equities analysts anticipate that Canadian Pacific Kansas City will post 4.3455344 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.76 annualized dividend and a yield of 0.63%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.05%.

Insider Buying and Selling

In other news, Senior Officer Nadeem Velani sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total transaction of C$123,300.00. In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. In the last ninety days, insiders sold 37,833 shares of company stock worth $3,612,023. 0.03% of the stock is currently owned by insiders.

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.