Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$150.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price upped by Canadian Imperial Bank of Commerce from C$143.00 to C$150.00 in a report published on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently weighed in on CP. ATB Cormark Capital Markets raised their price objective on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Citizens Jmp raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Scotia increased their target price on Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus set a C$150.00 price target on Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of C$139.41.

Canadian Pacific Kansas City Price Performance

Shares of TSE CP opened at C$125.33 on Thursday. The company’s fifty day moving average is C$124.45 and its two-hundred day moving average is C$119.31. The company has a debt-to-equity ratio of 56.46, a quick ratio of 0.42 and a current ratio of 0.52. The firm has a market capitalization of C$108.98 billion, a P/E ratio of 28.94, a PEG ratio of 2.32 and a beta of 1.33. Canadian Pacific Kansas City has a one year low of C$96.50 and a one year high of C$133.38.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, October 28th. The company reported C$1.28 EPS for the quarter. The company had revenue of C$4.22 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. Analysts forecast that Canadian Pacific Kansas City will post 4.34 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 26th were paid a dividend of $0.2680 per share. The ex-dividend date of this dividend was Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is presently 22.91%.

Insider Buying and Selling

In related news, insider Mark Ashley Redd sold 52,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the sale, the insider owned 2,199 shares in the company, valued at approximately C$295,765.50. This trade represents a 95.94% decrease in their ownership of the stock. Also, insider Laird Joseph Pitz sold 24,630 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Over the last 90 days, insiders have sold 78,015 shares of company stock worth $10,505,115. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City News Roundup

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Analyst targets remain mostly bullish. CIBC raised its target to C$150, while Scotia, National Bank Financial and ATB Cormark also increased or maintained targets between C$142 and C$150, with “outperform” ratings. Desjardins kept a “buy” rating despite trimming its target to C$141. CIBC price target article
• Positive Sentiment: Third-quarter revenue increased on higher shipment volumes. CP reported C$4.22 billion in quarterly revenue and C$1.28 in earnings per share, providing evidence of continued demand across its rail network. Q3 sales increase article
• Positive Sentiment: Coal-related business adds potential growth and revenue visibility. A new coal deal and the renewal of a rail-service agreement with Elk Valley Resources may support future volumes and strengthen CP’s position in the Canadian coal corridor. New coal deal article
• Neutral Sentiment: Citigroup raised its target to C$106 and retained a “buy” rating, but that target is below CP’s current trading level, signaling a more cautious valuation view than other analysts. Citigroup analyst rating
• Negative Sentiment: Higher fuel costs limited earnings growth. Reports characterized quarterly profits as flat or pressured despite higher revenue, raising concerns about near-term margin expansion. Canadian Pacific Kansas City rail earnings article

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.