Canadian Pacific Kansas City (TSE:CP) Price Target Lowered to C$124.00 at CIBC

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price target lowered by CIBC from C$128.00 to C$124.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Sanford C. Bernstein lowered their price objective on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. Royal Bank of Canada upped their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Desjardins lifted their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. ATB Capital increased their target price on 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. Finally, Stephens raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$123.43.

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Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP traded down C$3.20 during midday trading on Tuesday, reaching C$99.40. The company had a trading volume of 2,160,906 shares, compared to its average volume of 1,627,899. Canadian Pacific Kansas City has a 52-week low of C$99.20 and a 52-week high of C$121.35. The company's 50 day moving average price is C$109.68 and its 200 day moving average price is C$109.28. 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 stock has a market cap of C$92.91 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Dividend Announcement

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

Insider Activity

In other news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of C$116.16, for a total value 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.