Canadian Pacific Kansas City Limited (TSE:CP) Receives C$121.43 Average Target Price from Analysts

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$121.43.

Several brokerages have recently commented on CP. Sanford C. Bernstein lowered their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Desjardins lowered their price target on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. National Bankshares lifted their price objective on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Barclays boosted their target price on 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. Finally, Citigroup set a C$97.00 price target on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research note on Wednesday, October 9th.

Insider Buying and Selling

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$106.10, for a total value of C$307,694.64. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total value of C$1,664,359.45. Insiders have sold a total of 70,284 shares of company stock valued at $7,398,669 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at C$104.58 on Thursday. The firm has a fifty day simple moving average of C$106.77 and a two-hundred day simple moving average of C$109.59. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a twelve month low of C$101.76 and a twelve month high of C$123.37. The company has a market capitalization of C$97.59 billion, a PE ratio of 28.04, a P/E/G ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

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.