National Bankshares Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$119.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target upped by National Bankshares from C$107.00 to C$119.00 in a report released on Thursday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages also recently commented on CP. JPMorgan Chase & Co. lifted their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. TD Securities upped their price objective on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their target price on Canadian Pacific Kansas City from C$133.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Finally, Citigroup set a C$97.00 price target on Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of C$121.43.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP opened at C$107.18 on Thursday. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The stock has a 50 day moving average price of C$112.40 and a 200 day moving average price of C$111.45. The stock has a market capitalization of C$100.01 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, beating the consensus estimate of C$1.01 by C$0.04. The company had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. Analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. Insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.