Canadian Pacific Kansas City (TSE:CP) Given New C$121.00 Price Target at Royal Bank of Canada

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target trimmed by Royal Bank of Canada from C$122.00 to C$121.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CP has been the topic of several other research reports. Barclays lowered their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. Scotiabank cut their price objective on Canadian Pacific Kansas City from C$128.00 to C$120.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. UBS Group boosted their target price on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research report on Thursday. Finally, Raymond James reduced their price objective on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of C$119.62.

Canadian Pacific Kansas City Price Performance

TSE:CP opened at C$100.66 on Thursday. The stock has a market cap of C$94.09 billion, a PE ratio of 26.57, a P/E/G 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 business’s 50-day simple moving average is C$103.87 and its two-hundred day simple moving average is C$106.85. Canadian Pacific Kansas City has a 52 week low of C$94.60 and a 52 week high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.91%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.19. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.06%.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.