Scotiabank Trims Canadian Pacific Kansas City (TSE:CP) Target Price to C$124.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price trimmed by Scotiabank from C$126.00 to C$124.00 in a research report released on Thursday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other equities analysts have also recently issued reports on CP. CIBC lifted their price objective on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an outperform rating in a report on Wednesday, March 27th. TD Securities lifted their price target on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a hold rating in a research note on Wednesday, January 31st. Desjardins increased their price objective on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a buy rating in a research note on Friday, April 12th. Sanford C. Bernstein lifted their target price on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a hold rating in a research report on Monday, April 15th. Finally, Stephens increased their price target on shares of 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$120.63.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of CP stock opened at C$111.63 on Thursday. The business’s fifty day moving average price is C$118.24 and its 200 day moving average price is C$108.31. 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 capitalization of C$104.10 billion, a PE ratio of 26.52, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The business had revenue of C$3.52 billion for the quarter, compared to analyst estimates of C$3.52 billion. As a group, sell-side analysts forecast that Canadian Pacific Kansas City will post 4.3266423 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.05%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total value of C$7,162,691.43. In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. Also, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total value of C$7,162,691.43. Over the last three months, insiders have sold 97,758 shares of company stock valued at $10,774,715. 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.