Canadian Pacific Kansas City Limited (TSE:CP) Receives C$124.36 Consensus Price Target from Analysts

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP has been given an average rating of "Moderate Buy" by the sixteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, nine have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$123.69.

A number of research analysts recently issued reports on the stock. Stephens upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Scotiabank lowered their target price on Canadian Pacific Kansas City from C$128.00 to C$120.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd. Desjardins lifted their price target on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada lowered their price objective on Canadian Pacific Kansas City from C$128.00 to C$122.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Finally, Barclays cut their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total transaction of C$2,173,430.39. Insiders own 0.03% of the company's stock.

Canadian Pacific Kansas City Stock Performance

CP traded up C$7.55 during trading on Friday, reaching C$103.25. 2,786,466 shares of the company's stock were exchanged, compared to its average volume of 1,722,527. The company's fifty day simple moving average is C$106.93 and its 200-day simple moving average is C$108.12. The stock has a market capitalization of C$96.51 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 1 year low of C$94.60 and a 1 year high of C$121.35.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 20.06%.

About Canadian Pacific Kansas City

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.