Raymond James Increases Canadian Pacific Kansas City (TSE:CP) Price Target to C$130.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target upped by Raymond James from C$120.00 to C$130.00 in a report released on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q1 2024 earnings at $0.94 EPS, Q2 2024 earnings at $1.03 EPS, Q3 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.35 EPS and FY2025 earnings at $5.15 EPS.

Several other equities research analysts have also weighed in on the company. TD Securities upped their price objective on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the company a hold rating in a research note on Wednesday, January 31st. CIBC increased their price target on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an outperform rating in a research report on Wednesday, March 27th. National Bankshares increased their price target on Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research report on Thursday, April 4th. Scotiabank lowered Canadian Pacific Kansas City from an outperform rating to a sector perform rating and increased their price target for the stock from C$120.00 to C$126.00 in a research report on Monday, March 25th. Finally, Stephens increased their price target on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an equal weight rating in a research report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of Moderate Buy and a consensus price target of C$120.88.

Canadian Pacific Kansas City Trading Down 6.3 %

CP stock opened at C$112.23 on Monday. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37. The firm has a market cap of C$104.66 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.32 and a beta of 0.75. The business’s 50 day moving average is C$118.38 and its 200-day moving average is C$108.07. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, beating the consensus estimate of C$1.12 by C$0.06. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The company had revenue of C$3.78 billion for the quarter, compared to analyst estimates of C$3.66 billion. Equities analysts anticipate that Canadian Pacific Kansas City will post 4.3266423 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 18.05%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction on 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 other news, Senior Officer John Kenneth Brooks sold 27,505 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total value of C$930,859.57. In the last quarter, insiders have sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is currently owned by corporate 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.