Royal Bank of Canada Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price objective upped by Royal Bank of Canada from C$124.00 to C$128.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also issued reports on CP. Stephens raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. UBS Group raised their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research report on Thursday. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 24th. ATB Capital raised 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. Finally, Scotiabank decreased their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research note on Thursday. Three analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$124.07.

Canadian Pacific Kansas City Stock Down 5.7 %

Shares of Canadian Pacific Kansas City stock traded down C$6.60 during mid-day trading on Thursday, reaching C$108.90. 4,238,126 shares of the stock traded hands, compared to its average volume of 1,488,560. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The company has a 50-day moving average price of C$107.86. The stock has a market capitalization of C$101.62 billion, a PE ratio of 29.20, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a fifty-two week low of C$101.76 and a fifty-two week high of C$123.37.

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 Friday, March 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 51,727 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total value of C$5,426,615.01. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$106.10, for a total value of C$307,694.64. Over the last three months, insiders sold 88,994 shares of company stock worth $9,572,099. 0.03% of the stock is owned by insiders.

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.