Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$145.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective boosted by Royal Bank Of Canada from C$139.00 to C$145.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently issued reports on CP. National Bank Financial upped their price objective on Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Thursday. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. BMO Capital Markets boosted their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Scotiabank upped their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Desjardins increased their price target on shares of Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of C$134.36.

Canadian Pacific Kansas City Stock Performance

CP opened at C$124.52 on Thursday. Canadian Pacific Kansas City has a 52-week low of C$96.50 and a 52-week high of C$131.89. The firm has a market capitalization of C$110.54 billion, a PE ratio of 27.79, a PEG ratio of 2.32 and a beta of 1.28. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. The business’s 50-day simple moving average is C$125.42 and its 200 day simple moving average is C$116.30.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$1.27 EPS for the quarter. The firm had revenue of C$4.16 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. As a group, sell-side analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 27th were paid a $0.268 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.36%.

Insider Buying and Selling

In other news, insider John Kenneth Brooks sold 65,130 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total value of C$7,961,491.20. Also, insider James Dominic Luther Clements sold 21,035 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total value of C$2,643,678.80. Over the last 90 days, insiders sold 99,515 shares of company stock valued at $12,279,066. Insiders own 0.03% of the company’s stock.

Key Stories Impacting Canadian Pacific Kansas City

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: Broad-based analyst optimism: Eight firms increased their price targets. The revisions range from C$134 to C$153, implying approximately 8.7% to 24.1% upside from the referenced C$123.31 share price. Most firms maintained or initiated bullish ratings, including “outperform” ratings from National Bank Financial, RBC, Raymond James, ATB Cormark and BMO, plus a “buy” rating from Desjardins. BayStreet.CA analyst ratings
• Positive Sentiment: JPMorgan delivered the largest increase: JPMorgan lifted its target from C$135 to C$153, representing the highest target among the updates and the greatest implied upside. BayStreet.CA analyst ratings
• Positive Sentiment: Other notable target increases: RBC raised its target to C$145 from C$139, BMO to C$145 from C$142, National Bank to C$140 from C$132, and Raymond James to C$144 from C$140. These revisions reinforce the view that CP’s current valuation may not fully reflect its growth prospects. TickerReport analyst ratings
• Neutral Sentiment: TD remained cautious: Although TD raised its target from C$128 to C$134, it retained a “hold” rating, suggesting that some analysts see more limited near-term upside after the stock’s recent gains. BayStreet.CA analyst ratings

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.