Canadian Pacific Kansas City (TSE:CP) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on CP. National Bank Financial raised their price objective on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. TD upped their target price on Canadian Pacific Kansas City from C$117.00 to C$128.00 in a report on Friday, July 10th. BMO Capital Markets raised their price target on Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Finally, Royal Bank Of Canada raised their price target on Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of C$130.43.

Canadian Pacific Kansas City Trading Up 0.7%

Shares of CP opened at C$131.34 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 52.35. The firm’s 50-day moving average is C$123.39 and its two-hundred day moving average is C$114.39. Canadian Pacific Kansas City has a twelve month low of C$96.50 and a twelve month high of C$131.60. The firm has a market capitalization of C$116.60 billion, a P/E ratio of 29.32, a PEG ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The company had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. On average, research analysts predict that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 27th will be given a $0.268 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.36%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Director Katharine Berghuis Stevenson acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of C$118.37 per share, for a total transaction of C$118,370.00. Following the transaction, the director directly owned 3,000 shares of the company’s stock, valued at approximately C$355,110. This trade represents a 50.00% increase in their position. Also, insider James Dominic Luther Clements sold 21,035 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$125.68, for a total value of C$2,643,678.80. Over the last 90 days, insiders sold 99,515 shares of company stock worth $12,279,066. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.