Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$137.00 at Royal Bank of Canada

Canadian Pacific Kansas City (TSE:CP - Free Report) NYSE: CP had its target price upped by Royal Bank of Canada from C$133.00 to C$137.00 in a report released on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on CP. JPMorgan Chase & Co. raised their target price on shares of Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the company an overweight rating in a research note on Wednesday, July 31st. Barclays lifted their price objective on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a buy rating in a report on Wednesday, September 25th. Sanford C. Bernstein lifted their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the company a market perform rating in a report on Wednesday, July 31st. TD Securities lifted their price objective on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a hold rating in a report on Wednesday, July 31st. Finally, Desjardins lifted their price objective on shares of Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a buy rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of Moderate Buy and a consensus target price of C$121.93.

Canadian Pacific Kansas City Stock Performance

The business has a 50-day simple moving average of C$112.44 and a two-hundred day simple moving average of C$112.57. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The stock has a market cap of C$107.93 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, beating analysts' consensus estimates of C$1.01 by C$0.04. The firm had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. On average, sell-side analysts forecast that Canadian Pacific Kansas City will post 5.090035 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, October 28th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Friday, September 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 20.32%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the firm's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. In the last three months, insiders have sold 87,105 shares of company stock valued at $9,340,938. Insiders own 0.03% of the company's stock.

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.