Canadian Pacific Kansas City Limited (TSE:CP) Given Average Rating of “Moderate Buy” by Brokerages

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$121.13.

A number of research firms recently issued reports on CP. Royal Bank of Canada upped their price target on shares of Canadian Pacific Kansas City from C$133.00 to C$137.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. National Bankshares set a C$119.00 target price on shares of Canadian Pacific Kansas City and gave the company a “sector perform” rating in a research report on Thursday, June 27th. Citigroup set a C$97.00 price target on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Wednesday. Desjardins upped their price objective on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Securities raised 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.

Canadian Pacific Kansas City Trading Up 1.2 %

Shares of CP stock opened at C$112.94 on Friday. The stock’s 50-day moving average price is C$112.12 and its 200-day moving average price is C$112.07. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The stock has a market capitalization of C$105.39 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.01 by C$0.04. The business had revenue of C$3.60 billion for the quarter, compared to analysts’ expectations of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. Equities research analysts predict that Canadian Pacific Kansas City will post 5.1435688 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, October 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Transactions at Canadian Pacific Kansas City

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

Canadian Pacific Kansas City Company Profile

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.