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

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

Several other analysts have also commented on CP. Desjardins dropped their target price on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. ATB Capital raised their target price 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. Stephens raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Royal Bank of Canada decreased their target price on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Buy” and an average target price of C$124.07.

Canadian Pacific Kansas City Stock Up 1.7 %

Shares of CP stock opened at C$115.62 on Thursday. The firm has a market capitalization of C$107.89 billion, a PE ratio of 31.00, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a fifty-two week low of C$101.76 and a fifty-two week high of C$123.37. The stock’s 50-day simple moving average is C$107.39 and its 200-day simple moving average is C$109.87. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.66%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of Canadian Pacific Kansas City stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$106.10, for a total value of C$307,694.64. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total value of C$1,664,359.45. Over the last 90 days, insiders have sold 70,284 shares of company stock worth $7,398,669. 0.03% of the stock is 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.