Canadian Pacific Kansas City (TSE:CP) Downgraded by Scotiabank

Scotiabank lowered shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from an outperform rating to a sector perform rating in a research note released on Monday, BayStreet.CA reports. The brokerage currently has C$126.00 price objective on the stock, up from their prior price objective of C$120.00.

Several other equities analysts also recently commented on the stock. TD Securities increased 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 report on Wednesday, January 31st. Royal Bank of Canada lowered their price target on Canadian Pacific Kansas City from C$128.00 to C$127.00 and set an outperform rating on the stock in a research report on Wednesday, January 31st. Sanford C. Bernstein raised their price target on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a market perform rating in a research report on Monday, February 5th. Desjardins raised their price target on Canadian Pacific Kansas City from C$108.00 to C$118.00 and gave the company a buy rating in a research report on Thursday, January 18th. Finally, Stephens raised their price target on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an equal weight rating in a research report on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$116.75.

Canadian Pacific Kansas City Trading Down 0.5 %

Canadian Pacific Kansas City stock opened at C$119.43 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 company has a market capitalization of C$111.37 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.32 and a beta of 0.77. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The company’s fifty day moving average price is C$114.99 and its two-hundred day moving average price is C$105.97.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Tuesday, January 30th. The company reported C$1.18 EPS for the quarter, topping the consensus estimate of C$1.12 by C$0.06. The firm had revenue of C$3.78 billion for the quarter, compared to the consensus estimate of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. On average, analysts forecast that Canadian Pacific Kansas City will post 4.3455344 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced 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. This represents a $0.76 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.05%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. In other news, Senior Officer John Kenneth Brooks sold 27,505 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total value of C$2,374,638.67. Also, Senior Officer Nadeem Velani sold 1,000 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total transaction of C$123,300.00. Insiders sold a total of 37,833 shares of company stock worth $3,612,023 over the last quarter. Company insiders own 0.03% of the company’s stock.

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.