Desjardins Cuts Canadian Pacific Kansas City (TSE:CP) Price Target to C$129.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target trimmed by Desjardins from C$130.00 to C$129.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also commented on CP. BMO Capital Markets upped their price target on shares of Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research report on Thursday, February 19th. National Bank Financial lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Citigroup decreased their target price on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Royal Bank Of Canada raised their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 in a research note on Thursday, March 26th. Finally, Scotiabank lifted their price target on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.23.

Canadian Pacific Kansas City Trading Up 1.3%

Shares of TSE CP opened at C$109.83 on Tuesday. Canadian Pacific Kansas City has a 12-month low of C$94.60 and a 12-month high of C$122.25. The company has a market cap of C$98.55 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.32 and a beta of 1.14. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 50.54. The stock’s 50 day simple moving average is C$110.93 and its 200 day simple moving average is C$105.25.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data 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. Equities research analysts expect that Canadian Pacific Kansas City will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Insiders Place Their Bets

In other news, Director Marc Parent bought 13,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was acquired at an average price of C$102.00 per share, with a total value of C$1,326,000.00. Following the completion of the purchase, the director directly owned 13,933 shares of the company’s stock, valued at C$1,421,166. This represents a 1,393.35% increase in their position. Also, insider John Kenneth Brooks sold 14,845 shares of Canadian Pacific Kansas City 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. 0.03% of the stock is currently owned by insiders.

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.