Sanford C. Bernstein Has Lowered Expectations for Canadian Pacific Kansas City (TSE:CP) Stock Price

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its target price reduced by Sanford C. Bernstein from C$123.00 to C$122.00 in a research report released on Friday morning,BayStreet.CA reports.

CP has been the subject of a number of other research reports. Wolfe Research raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 8th. National Bankshares lifted their target price on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. ATB Capital lifted 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 report on Thursday, January 30th. Stephens raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus price target of C$123.86.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded down C$1.28 during midday trading on Friday, reaching C$108.84. 894,002 shares of the stock were exchanged, compared to its average volume of 1,481,516. Canadian Pacific Kansas City has a twelve month low of C$101.76 and a twelve month high of C$123.37. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The company has a market cap of C$101.73 billion, a P/E ratio of 28.73, a PEG ratio of 2.32 and a beta of 0.79. The stock's 50 day simple moving average is C$109.19 and its 200 day simple moving average is C$109.65.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.70%. Canadian Pacific Kansas City's payout ratio is 20.06%.

Insiders Place Their Bets

In other news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$106.10, for a total transaction of C$307,694.64. Also, Senior Officer Keith E. Creel sold 51,727 shares of the business's stock in a transaction dated 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. Over the last 90 days, insiders sold 88,994 shares of company stock valued at $9,572,099. 0.03% of the stock is currently owned by corporate 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.