Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$143.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price hoisted by Desjardins from C$141.00 to C$143.00 in a research note released on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other research firms have also recently commented on CP. Scotiabank boosted their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 16th. ATB Cormark Capital Markets raised their price objective on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the company an “outperform” rating in a research report on Thursday. National Bank Financial lifted their price objective on shares of Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James Financial lifted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$134.36.

Canadian Pacific Kansas City Stock Up 1.0%

Shares of TSE CP opened at C$124.52 on Thursday. Canadian Pacific Kansas City has a 12 month low of C$96.50 and a 12 month high of C$131.89. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. The firm has a market capitalization of C$110.54 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.32 and a beta of 1.28. The business has a 50-day moving average of C$125.42 and a 200-day moving average of C$116.30.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. The company had revenue of C$4.16 billion for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 27th were given a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.36%.

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, insider John Kenneth Brooks sold 65,130 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total value of C$7,961,491.20. Also, Director Katharine Berghuis Stevenson purchased 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of C$118.37 per share, for a total transaction of C$118,370.00. Following the completion of the transaction, the director directly owned 3,000 shares of the company’s stock, valued at approximately C$355,110. The trade was a 50.00% increase in their ownership of the stock. Insiders have sold 99,515 shares of company stock valued at $12,279,066 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Trending Headlines about Canadian Pacific Kansas City

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Broad-based analyst optimism: Eight firms increased their price targets. The revisions range from C$134 to C$153, implying approximately 8.7% to 24.1% upside from the referenced C$123.31 share price. Most firms maintained or initiated bullish ratings, including “outperform” ratings from National Bank Financial, RBC, Raymond James, ATB Cormark and BMO, plus a “buy” rating from Desjardins. BayStreet.CA analyst ratings
• Positive Sentiment: JPMorgan delivered the largest increase: JPMorgan lifted its target from C$135 to C$153, representing the highest target among the updates and the greatest implied upside. BayStreet.CA analyst ratings
• Positive Sentiment: Other notable target increases: RBC raised its target to C$145 from C$139, BMO to C$145 from C$142, National Bank to C$140 from C$132, and Raymond James to C$144 from C$140. These revisions reinforce the view that CP’s current valuation may not fully reflect its growth prospects. TickerReport analyst ratings
• Neutral Sentiment: TD remained cautious: Although TD raised its target from C$128 to C$134, it retained a “hold” rating, suggesting that some analysts see more limited near-term upside after the stock’s recent gains. BayStreet.CA analyst ratings

Canadian Pacific Kansas City Company Profile

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.