Canadian Pacific Kansas City (TSE:CP) Sets New 1-Year Low After Analyst Downgrade

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP's stock price hit a new 52-week low on Friday after National Bankshares lowered their price target on the stock from C$123.00 to C$118.00. National Bankshares currently has a sector perform rating on the stock. Canadian Pacific Kansas City traded as low as C$97.24 and last traded at C$98.93, with a volume of 113863 shares traded. The stock had previously closed at C$99.22.

Several other research analysts have also recently issued reports on CP. Sanford C. Bernstein cut their target price on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. ATB Capital increased their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. UBS Group raised their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research report on Thursday, January 30th. Loop Capital lowered shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, February 3rd. Finally, Desjardins boosted their target price 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$123.69.

Insiders Place Their Bets

In other Canadian Pacific Kansas City 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 value of C$2,173,430.39. Company insiders own 0.03% of the company's stock.

Canadian Pacific Kansas City Stock Up 3.3 %

The company has a fifty day moving average price of C$107.42 and a 200 day moving average price of C$108.32. The company has a market cap of C$92.42 billion, a PE ratio of 26.10, 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 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 issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is currently 20.06%.

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.