Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$153.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price increased by JPMorgan Chase & Co. from C$135.00 to C$153.00 in a research note published on Thursday,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on the stock. Barclays boosted their price objective on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. Citizens Jmp upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. ATB Cormark Capital Markets upped their target price on Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the company an “outperform” rating in a report on Friday, July 10th. TD upped their target price on Canadian Pacific Kansas City from C$117.00 to C$128.00 in a report on Friday, July 10th. Finally, Desjardins increased their price target on Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$134.36.

Canadian Pacific Kansas City Stock Up 1.0%

CP stock opened at C$124.52 on Thursday. The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 1-year low of C$96.50 and a 1-year high of C$131.89. The firm has a fifty day moving average price of C$125.42 and a two-hundred day moving average price of C$116.30. The firm has a market cap of C$110.54 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The company had revenue of C$4.16 billion for the quarter. Research analysts predict that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 27th were paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.36%.

Insider Transactions at Canadian Pacific Kansas City

In other news, insider James Dominic Luther Clements sold 21,035 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Also, insider John Kenneth Brooks sold 65,130 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of C$122.24, for a total value of C$7,961,491.20. Insiders have sold 99,515 shares of company stock worth $12,279,066 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Canadian Pacific Kansas City

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

• Positive Sentiment: Broad-based analyst optimism: Eight firms increased their price targets. The revisions range from C$134 to C$153, implying approximately 8.7% to 24.1% upside from the referenced C$123.31 share price. Most firms maintained or initiated bullish ratings, including “outperform” ratings from National Bank Financial, RBC, Raymond James, ATB Cormark and BMO, plus a “buy” rating from Desjardins. BayStreet.CA analyst ratings
• Positive Sentiment: JPMorgan delivered the largest increase: JPMorgan lifted its target from C$135 to C$153, representing the highest target among the updates and the greatest implied upside. BayStreet.CA analyst ratings
• Positive Sentiment: Other notable target increases: RBC raised its target to C$145 from C$139, BMO to C$145 from C$142, National Bank to C$140 from C$132, and Raymond James to C$144 from C$140. These revisions reinforce the view that CP’s current valuation may not fully reflect its growth prospects. TickerReport analyst ratings
• Neutral Sentiment: TD remained cautious: Although TD raised its target from C$128 to C$134, it retained a “hold” rating, suggesting that some analysts see more limited near-term upside after the stock’s recent gains. BayStreet.CA analyst ratings

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.