Canadian Pacific Kansas City (TSE:CP) Price Target Cut to C$125.00 by Analysts at Barclays

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price objective trimmed by Barclays from C$130.00 to C$125.00 in a research note published on Wednesday morning,BayStreet.CA reports.

A number of other research analysts have also commented on the stock. Sanford C. Bernstein dropped their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. Wolfe Research upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. Desjardins upped their price target on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Scotiabank lowered their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. Finally, ATB Capital upped their price objective on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$124.36.

Canadian Pacific Kansas City Stock Down 2.2 %

Shares of Canadian Pacific Kansas City stock traded down C$2.18 during trading hours on Wednesday, hitting C$97.68. The company had a trading volume of 3,111,714 shares, compared to its average volume of 1,653,040. Canadian Pacific Kansas City has a twelve month low of C$94.88 and a twelve month high of C$121.35. The company has a market cap of C$91.30 billion, a P/E ratio of 25.79, 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. The company's 50-day moving average is C$108.52 and its two-hundred day moving average is C$108.72.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 20.06%.

Insider Buying and Selling

In related news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the 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. Corporate insiders own 0.03% of the company's stock.

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.