Canadian Pacific Kansas City Limited (TSE:CP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, nine have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$119.62.

Several analysts have commented on CP shares. JPMorgan Chase & Co. reduced their price objective on Canadian Pacific Kansas City from C$137.00 to C$124.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. CIBC boosted their target price on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Desjardins decreased their price target on Canadian Pacific Kansas City from C$123.00 to C$120.00 and set a “buy” rating for the company in a report on Monday, October 6th. ATB Capital lifted their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$125.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, Sanford C. Bernstein dropped their price objective on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research note on Tuesday, November 11th.

Canadian Pacific Kansas City Trading Up 2.1%

TSE CP opened at C$103.34 on Thursday. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a market cap of C$93.09 billion, a PE ratio of 22.47, a P/E/G ratio of 2.32 and a beta of 0.93. Canadian Pacific Kansas City has a one year low of C$94.60 and a one year high of C$118.80. The firm’s fifty day moving average is C$102.65 and its two-hundred day moving average is C$105.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, October 29th. The company reported C$1.10 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.22%. The business had revenue of C$3.66 billion during the quarter. Analysts expect that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, October 27th were paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, September 26th. Canadian Pacific Kansas City’s payout ratio is 18.17%.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.