Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$141.00 at Desjardins

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target hoisted by Desjardins from C$131.00 to C$141.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other equities analysts have also weighed in on CP. JPMorgan Chase & Co. increased their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th. National Bank Financial raised their target price on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Scotiabank boosted their target price on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. Raymond James Financial upped their price target on Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Barclays increased their price target on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of C$126.57.

Canadian Pacific Kansas City Trading Up 1.0%

Shares of Canadian Pacific Kansas City stock opened at C$128.01 on Thursday. The stock has a fifty day simple moving average of C$121.87 and a 200 day simple moving average of C$113.33. The company has a market capitalization of C$113.64 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 52.35. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$129.19.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. The business had revenue of C$3.70 billion for the quarter. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 27th will be given a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.36%.

Insider Activity at Canadian Pacific Kansas City

In other news, insider James Dominic Luther Clements sold 21,035 shares of the stock in a transaction 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. Also, insider John Kenneth Brooks sold 65,130 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Insiders have sold 99,515 shares of company stock valued at $12,279,066 in the last ninety days. 0.03% of the stock is currently owned by corporate 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.