Canadian Pacific Kansas City (TSE:CP) Price Target Raised to C$143.00 at Scotiabank

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective hoisted by Scotiabank from C$122.00 to C$143.00 in a report issued on Thursday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th. Desjardins increased their price objective on shares of Canadian Pacific Kansas City from C$131.00 to C$141.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. BMO Capital Markets raised their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. ATB Cormark Capital Markets lifted their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Barclays upped their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$130.43.

Canadian Pacific Kansas City Price Performance

TSE:CP opened at C$130.46 on Thursday. Canadian Pacific Kansas City has a 12-month low of C$96.50 and a 12-month high of C$130.98. The firm has a market capitalization of C$115.81 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 2.32 and a beta of 1.28. The stock’s 50 day moving average price is C$123.12 and its two-hundred day moving average price is C$114.27. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 27th will be issued a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is presently 20.36%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider Maeghan Dawn Albiston sold 3,645 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$126.61, for a total transaction of C$461,493.45. Also, Director Katharine Berghuis Stevenson bought 1,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of C$118.37 per share, for a total transaction of C$118,370.00. Following the completion of the acquisition, 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. Over the last ninety days, insiders have sold 99,515 shares of company stock worth $12,279,066. Company insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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.