UBS Group Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by UBS Group from C$127.00 to C$129.00 in a research note published on Thursday,BayStreet.CA reports.

Several other research analysts have also commented on CP. National Bankshares boosted their price target on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Scotiabank reduced their target price on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday. Desjardins reduced 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 research report on Thursday, October 24th. Susquehanna upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, ATB Capital upped 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 research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$124.07.

Canadian Pacific Kansas City Trading Up 1.7 %

Shares of TSE CP opened at C$115.62 on Thursday. The firm has a market cap of C$107.89 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a twelve month low of C$101.76 and a twelve month high of C$123.37. The business has a fifty day simple moving average of C$107.39 and a two-hundred day simple moving average of C$109.87.

Canadian Pacific Kansas City Dividend Announcement

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

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 51,727 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total value of C$5,426,615.01. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of the 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 value of C$1,664,359.45. Insiders sold 70,284 shares of company stock valued at $7,398,669 over the last quarter. 0.03% of the stock is currently owned by 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.