Canadian Pacific Kansas City (TSE:CP) Given New C$128.00 Price Target at Scotiabank

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective cut by Scotiabank from C$130.00 to C$128.00 in a report issued on Thursday morning,BayStreet.CA reports.

A number of other research firms have also recently weighed in on CP. Sanford C. Bernstein lowered their price objective on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research report on Wednesday, October 9th. Wolfe Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted 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 research report on Tuesday, October 8th. Desjardins lowered their price target on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Susquehanna raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report 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. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$124.07.

Canadian Pacific Kansas City Trading Up 1.7 %

Canadian Pacific Kansas City stock opened at C$115.62 on Thursday. The business has a 50-day simple moving average of C$107.39 and a two-hundred day simple moving average of C$109.87. The company has a market cap of C$107.89 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 52-week low of C$101.76 and a 52-week high of C$123.37. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.66%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 51,727 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of the 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 70,284 shares of company stock valued at $7,398,669 in the last quarter. 0.03% of the stock is owned by insiders.

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.