Canadian Pacific Kansas City (TSE:CP) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. Barclays increased 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 report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Desjardins dropped their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Stephens raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada dropped their price objective on shares of Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$124.38.

Canadian Pacific Kansas City Stock Down 0.6 %

Shares of TSE CP opened at C$107.86 on Wednesday. The firm has a market cap of C$100.65 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company’s 50-day simple moving average is C$106.39 and its 200-day simple moving average is C$109.64. 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 52-week low of C$101.76 and a 52-week high of C$123.37.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Monday, January 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 annualized dividend and a yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$106.10, for a total transaction of C$307,694.64. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total value of C$1,664,359.45. Insiders have sold 70,284 shares of company stock valued at $7,398,669 over the last 90 days. 0.03% of the stock is owned by insiders.

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.