Canadian Pacific Kansas City Limited (CP) to Issue Quarterly Dividend of $0.27 on October 26th

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) declared a quarterly dividend on Friday, September 25th. Shareholders of record on Monday, October 26th will be given a dividend of 0.268 per share on Monday, October 26th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 25th.

Canadian Pacific Kansas City Trading Up 0.4%

CP stock traded up C$0.47 during midday trading on Wednesday, hitting C$124.25. The stock had a trading volume of 41,585 shares, compared to its average volume of 1,410,581. The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42. The firm has a market cap of C$109.23 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.32 and a beta of 1.30. The company’s 50-day moving average price is C$127.47 and its 200 day moving average price is C$121.23. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$133.38.

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

Analyst Upgrades and Downgrades

CP has been the topic of a number of analyst reports. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Raymond James Financial raised their target price on Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. National Bank Financial upped their price target on Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their target price on shares of Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, ATB Cormark Capital Markets raised their price objective on Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of C$134.36.

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.