Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$143.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by Scotiabank from C$122.00 to C$143.00 in a research report released on Thursday, MarketBeat Ratings reports. Scotiabank currently has a strong-buy rating on the stock.

CP has been the subject of a number of other research reports. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. ATB Cormark Capital Markets boosted their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Royal Bank Of Canada upped their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. BMO Capital Markets raised their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, National Bank Financial lifted their price target on shares of Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$130.43.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at C$131.34 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. The stock has a market cap of C$116.60 billion, a PE ratio of 29.32, a PEG ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$131.60. The business has a 50-day simple moving average of C$123.39 and a two-hundred day simple moving average of C$114.39.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 EPS for the quarter. The firm had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. 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 paid a $0.268 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is presently 20.36%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, insider Cassandra P. Quach sold 4,015 shares of the firm’s 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 transaction of C$501,152.30. Also, Director Katharine Berghuis Stevenson purchased 1,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of C$118.37 per share, with a total value of C$118,370.00. Following the acquisition, the director owned 3,000 shares in the company, valued at approximately C$355,110. The trade was a 50.00% increase in their position. Insiders sold a total of 99,515 shares of company stock valued at $12,279,066 over the last three months. Insiders own 0.03% of the company’s stock.

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.