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 an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$123.86.

CP has been the subject of several analyst reports. Stephens upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Scotiabank reduced their price target on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. ATB Capital lifted their price objective on Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Desjardins increased their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, UBS Group lifted their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a report on Thursday, January 30th.

Insiders Place Their Bets

In other news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of C$116.16, for a total value of C$2,173,430.39. Also, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total value of C$5,426,615.01. Insiders have sold a total of 88,994 shares of company stock valued at $9,572,099 in the last quarter. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP opened at C$108.09 on Tuesday. Canadian Pacific Kansas City has a 12-month low of C$101.76 and a 12-month high of C$122.83. The firm has a market capitalization of C$101.03 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The firm has a 50 day moving average of C$110.42 and a 200 day moving average of C$109.80.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 20.06%.

Canadian Pacific Kansas City Company Profile

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.