Canadian Pacific Kansas City (TSE:CP) Given New C$128.00 Price Target at Scotiabank

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its price target cut by Scotiabank from C$130.00 to C$128.00 in a research report released on Thursday,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on CP. Desjardins decreased their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. National Bankshares boosted their target price on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a "sector perform" rating in a report on Thursday, October 24th. ATB Capital increased their price target on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein dropped their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, nine have assigned 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 "Buy" and a consensus price target of C$124.07.

Canadian Pacific Kansas City Trading Down 5.7 %

Shares of Canadian Pacific Kansas City stock traded down C$6.60 during trading on Thursday, reaching C$108.90. The company's stock had a trading volume of 3,040,250 shares, compared to its average volume of 1,480,021. The company has a market capitalization of C$101.62 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 2.32 and a beta of 0.79. The stock has a 50-day moving average price of C$107.86. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued 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 dividend payout ratio is presently 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Laird Joseph Pitz sold 18,710 shares of Canadian Pacific Kansas City 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. Over the last 90 days, insiders have sold 88,994 shares of company stock valued at $9,572,099. 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.