ATB Capital Boosts Canadian Pacific Kansas City (TSE:CP) Price Target to C$134.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by ATB Capital from C$133.00 to C$134.00 in a research report released on Thursday, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays upped their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. increased their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Desjardins increased their price objective on shares of Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada increased their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$137.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of C$121.43.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$107.18 on Thursday. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The business’s 50 day simple moving average is C$112.40. 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 firm has a market cap 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 (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share 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 analysts’ expectations of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. Equities research analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction dated 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. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the 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. Corporate 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.