Raymond James Boosts Canadian Pacific Kansas City (NYSE:CP) Price Target to $130.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective boosted by Raymond James from $120.00 to $130.00 in a report issued on Monday morning, Benzinga reports. Raymond James currently has an outperform rating on the transportation company’s stock. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q1 2024 earnings at $0.69 EPS, Q2 2024 earnings at $0.75 EPS, Q3 2024 earnings at $0.80 EPS, Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $3.17 EPS and FY2025 earnings at $3.76 EPS.

Other analysts have also recently issued reports about the company. Susquehanna cut their target price on Canadian Pacific Kansas City from $85.00 to $84.00 and set a neutral rating on the stock in a research note on Thursday, March 28th. Benchmark reissued a hold rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, April 10th. Jefferies Financial Group initiated coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a buy rating and a $105.00 target price on the stock. StockNews.com raised Canadian Pacific Kansas City from a sell rating to a hold rating in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus raised their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a hold rating in a research note on Friday, April 12th. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $96.42.

Canadian Pacific Kansas City Stock Up 0.2 %

CP opened at $82.09 on Monday. The company has a market cap of $76.56 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.25 and a beta of 0.94. The business’s 50-day moving average price is $87.11 and its 200-day moving average price is $79.74. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. On average, equities analysts expect that Canadian Pacific Kansas City will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.141 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.83%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds have recently made changes to their positions in the stock. Bogart Wealth LLC raised its holdings in Canadian Pacific Kansas City by 17,083.0% in the 1st quarter. Bogart Wealth LLC now owns 9,107 shares of the transportation company’s stock worth $803,000 after acquiring an additional 9,054 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Canadian Pacific Kansas City by 1.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 313,451 shares of the transportation company’s stock worth $27,663,000 after acquiring an additional 4,992 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Canadian Pacific Kansas City by 8.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,378 shares of the transportation company’s stock worth $1,885,000 after acquiring an additional 1,586 shares during the last quarter. Leavell Investment Management Inc. raised its holdings in Canadian Pacific Kansas City by 253.1% in the 1st quarter. Leavell Investment Management Inc. now owns 11,231 shares of the transportation company’s stock worth $992,000 after acquiring an additional 8,050 shares during the last quarter. Finally, Dakota Wealth Management raised its holdings in Canadian Pacific Kansas City by 11.5% in the 1st quarter. Dakota Wealth Management now owns 19,492 shares of the transportation company’s stock worth $1,719,000 after acquiring an additional 2,016 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

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.