Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$118.00 at Sanford C. Bernstein

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective raised by Sanford C. Bernstein from C$117.00 to C$118.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. Raymond James upped their target price on shares of Canadian Pacific Kansas City from C$116.00 to C$120.00 in a research report on Monday, January 22nd. TD Securities upped their target price on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a hold rating in a research note on Wednesday, January 31st. Desjardins upped their target price on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a buy rating in a research note on Friday, April 12th. Royal Bank of Canada upped their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. Finally, Barclays increased their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of Moderate Buy and a consensus target price of C$120.25.

Canadian Pacific Kansas City Stock Down 0.7 %

Shares of CP opened at C$115.57 on Monday. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. The business’s 50 day simple moving average is C$118.14 and its 200-day simple moving average is C$107.50. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The company has a market capitalization of C$107.77 billion, a P/E ratio of 27.45, a PEG ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, topping the consensus estimate of C$1.12 by C$0.06. The firm had revenue of C$3.78 billion during the quarter, compared to analysts’ expectations of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 4.3266423 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.66%. Canadian Pacific Kansas City’s dividend payout ratio is 18.05%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of C$122.15, for a total value of C$183,225.00. In other news, Senior Officer Nadeem Velani sold 1,500 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$122.15, for a total transaction of C$183,225.00. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. In the last 90 days, insiders have sold 97,758 shares of company stock worth $10,774,715. 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.