Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$130.00 at ATB Cormark Capital Markets

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price upped by ATB Cormark Capital Markets from C$127.00 to C$130.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently commented on CP. TD boosted their target price on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a “hold” rating in a research note on Monday, April 13th. Royal Bank Of Canada boosted their target price on Canadian Pacific Kansas City from C$124.00 to C$128.00 in a research note on Thursday, March 26th. Citigroup decreased their price target on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a report on Thursday, January 29th. National Bank Financial lifted their price target on Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets lifted their price target on Canadian Pacific Kansas City from C$126.00 to C$132.00 in a report on Thursday, February 19th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$120.64.

Canadian Pacific Kansas City Trading Up 1.6%

CP opened at C$111.65 on Friday. Canadian Pacific Kansas City has a 12 month low of C$96.50 and a 12 month high of C$122.25. The stock has a market capitalization of C$100.18 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.32 and a beta of 1.13. The company has a debt-to-equity ratio of 50.54, a current ratio of 0.49 and a quick ratio of 0.42. The business has a fifty day moving average price of C$112.82 and a 200 day moving average price of C$105.87.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.46%.The firm had revenue of C$3.92 billion during the quarter. Sell-side analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, April 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 19.38%.

Insider Activity

In other news, insider John Kenneth Brooks sold 14,845 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$103.53, for a total value of C$1,536,902.85. Also, Director Marc Parent bought 13,000 shares of Canadian Pacific Kansas City stock in a transaction dated Friday, January 30th. The stock was purchased at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the completion of the acquisition, the director directly owned 13,933 shares in the company, valued at approximately C$1,421,166. The trade was a 1,393.35% increase in their position. 0.03% of the stock is currently owned by insiders.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.