Canadian Pacific Kansas City (TSE:CP) Price Target Lowered to C$122.00 at Royal Bank of Canada

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price objective cut by Royal Bank of Canada from C$128.00 to C$122.00 in a report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on CP. Scotiabank decreased their price objective on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a report on Thursday, January 30th. UBS Group increased their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research note on Thursday, January 30th. CIBC dropped their price objective on shares of Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Sanford C. Bernstein decreased their target price on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. Finally, Desjardins boosted 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price of C$124.36.

Canadian Pacific Kansas City Stock Up 0.6 %

TSE:CP traded up C$0.64 during midday trading on Monday, hitting C$99.86. 2,506,194 shares of the company were exchanged, compared to its average volume of 1,649,818. Canadian Pacific Kansas City has a fifty-two week low of C$96.80 and a fifty-two week high of C$121.35. The company has a market capitalization of C$93.34 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The company has a fifty day simple moving average of C$108.81 and a 200 day simple moving average of C$108.91.

Canadian Pacific Kansas City Announces Dividend

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

Insider Activity

In related news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of C$116.16, for a total value of C$2,173,430.39. 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.