Royal Bank of Canada Increases Canadian Pacific Kansas City (TSE:CP) Price Target to C$137.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target lifted by Royal Bank of Canada from C$133.00 to C$137.00 in a research report report published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CP has been the topic of a number of other research reports. TD Securities increased their price objective on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a hold rating in a research report on Wednesday, July 31st. ATB Capital increased their price target on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the stock an outperform rating in a report on Wednesday, July 31st. Barclays raised their price objective 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. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the stock a sector perform rating in a research report on Thursday, June 27th. Finally, Desjardins lifted their price target on shares of 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$121.93.

Canadian Pacific Kansas City Trading Down 1.5 %

Shares of CP stock opened at C$111.00 on Monday. The company has a market cap of C$103.58 billion, a P/E ratio of 29.76, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The stock has a 50 day simple moving average of C$112.30 and a two-hundred day simple moving average of C$112.36. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, beating the consensus estimate of C$1.01 by C$0.04. The company had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. Research analysts forecast that Canadian Pacific Kansas City will post 5.1435688 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, October 28th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total value of C$6,473,511.98. In other news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total transaction of C$6,473,511.98. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. In the last 90 days, insiders sold 87,105 shares of company stock worth $9,340,938. 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.