Royal Bank of Canada Lowers Canadian Pacific Kansas City (TSE:CP) Price Target to C$134.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price decreased by Royal Bank of Canada from C$137.00 to C$134.00 in a research note released on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other analysts have also weighed in on CP. TD Securities upped their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Sanford C. Bernstein reduced their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Desjardins raised their price target on shares of Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, ATB Capital boosted their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of C$121.43.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at C$107.18 on Thursday. The stock has a market cap of C$100.01 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The firm has a 50-day moving average of C$112.40 and a two-hundred day moving average of C$111.45. Canadian Pacific Kansas City has a 1 year low of C$94.45 and a 1 year high of C$123.37. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. The business had revenue of C$3.60 billion for the quarter, compared to the consensus estimate of C$3.55 billion. On average, research analysts forecast that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

Insider Buying and Selling

In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of Canadian Pacific Kansas City stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. 0.03% of the stock is currently owned by company insiders.

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.