Canadian Pacific Kansas City (TSE:CP) Price Target Lowered to C$124.00 at Scotiabank

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target reduced by Scotiabank from C$126.00 to C$124.00 in a research report sent to investors on Thursday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other brokerages have also issued reports on CP. Stephens raised their price target on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an equal weight rating in a research note on Thursday, January 4th. CIBC raised their price target on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an outperform rating in a research note on Wednesday, March 27th. Royal Bank of Canada raised their price target on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. BMO Capital Markets raised their price target on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. Finally, National Bankshares raised their price target on Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research note on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of Moderate Buy and a consensus price target of C$120.63.

Canadian Pacific Kansas City Stock Performance

TSE CP opened at C$112.14 on Thursday. The stock has a market capitalization of C$104.58 billion, a PE ratio of 26.64, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. The business has a 50 day simple moving average of C$118.31 and a two-hundred day simple moving average of C$108.10. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, April 24th. The company reported C$0.93 EPS for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.02). The company had revenue of C$3.52 billion during the quarter, compared to analysts’ expectations of C$3.52 billion. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. On average, research analysts predict that Canadian Pacific Kansas City will post 4.3266423 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 18.05%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. In related news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. In the last three months, insiders sold 97,758 shares of company stock valued at $10,774,715. Corporate 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.