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

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target trimmed by Scotiabank from C$130.00 to C$128.00 in a research note published on Monday,BayStreet.CA reports.

CP has been the topic of several other reports. Wolfe Research raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on shares of Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Susquehanna raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Buy” and a consensus price target of C$124.23.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at C$112.84 on Monday. The company has a 50-day simple moving average of C$106.30 and a 200-day simple moving average of C$109.66. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The company has a market capitalization of C$105.29 billion, a PE ratio of 30.25, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 52-week low of C$101.76 and a 52-week high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported C$0.99 EPS for the quarter, missing analysts’ consensus estimates of C$1.01 by C($0.02). Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. During the same quarter last year, the firm earned $0.92 earnings per share. Equities research analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Monday, January 27th will be paid a $0.19 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the company’s stock in a transaction that occurred 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 Maeghan Dawn Albiston sold 2,900 shares of the company’s stock in a transaction that occurred 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. In the last quarter, insiders sold 70,284 shares of company stock valued at $7,398,669. 0.03% of the stock is owned by corporate insiders.

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.