Brokerages Set Canadian Pacific Kansas City Limited (TSE:CP) PT at C$123.07

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$123.07.

CP has been the topic of a number of recent analyst reports. ATB Cormark Capital Markets raised their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the company a “moderate buy” rating in a report on Friday, April 17th. National Bank Financial upped their price objective on shares of Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. TD increased their price objective on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a “hold” rating in a research report on Monday, April 13th. Scotiabank increased their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th.

Canadian Pacific Kansas City Stock Down 0.7%

TSE:CP opened at C$124.94 on Thursday. Canadian Pacific Kansas City has a fifty-two week low of C$96.50 and a fifty-two week high of C$127.17. The stock has a market capitalization of C$110.91 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.32 and a beta of 1.29. The company has a debt-to-equity ratio of 52.35, a quick ratio of 0.42 and a current ratio of 0.67. The company’s 50-day simple moving average is C$117.20 and its 200-day simple moving average is C$110.06.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. The business had revenue of C$3.70 billion for the quarter. On average, equities analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 27th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is 20.36%.

Insider Transactions at Canadian Pacific Kansas City

In related news, insider Cassandra P. Quach sold 4,015 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$124.82, for a total value of C$501,152.30. Also, insider James Dominic Luther Clements sold 21,035 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Insiders sold a total of 99,515 shares of company stock worth $12,279,066 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Company Profile

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.