Royal Bank of Canada Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$122.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective cut by Royal Bank of Canada from C$128.00 to C$122.00 in a research report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Scotiabank decreased their price objective on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a report on Thursday, January 30th. UBS Group boosted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a report on Thursday, January 30th. Loop Capital cut Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 3rd. Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Desjardins raised their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$124.43.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at C$103.84 on Monday. The firm has a market cap of C$97.06 billion, a P/E ratio of 27.41, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a twelve month low of C$97.52 and a twelve month high of C$121.35. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The firm’s 50 day moving average price is C$109.12 and its two-hundred day moving average price is C$109.03.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.73%. Canadian Pacific Kansas City’s payout ratio is 20.06%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total value of C$2,173,430.39. 0.03% of the stock is currently owned by company 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.