Desjardins Lowers Canadian Pacific Kansas City (TSE:CP) Price Target to C$131.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price reduced by Desjardins from C$132.00 to C$131.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock. Desjardins also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.26 EPS, FY2025 earnings at $5.02 EPS, FY2026 earnings at $5.91 EPS, FY2027 earnings at $6.86 EPS and FY2028 earnings at $7.75 EPS.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein decreased their price objective on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. National Bankshares increased their price target on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a report on Thursday. Barclays raised their price target on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada dropped their price objective on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$121.43.

Canadian Pacific Kansas City Stock Performance

Shares of TSE CP opened at C$107.18 on Thursday. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The stock has a market cap of C$100.01 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 2.32 and a beta of 0.79. The business has a fifty day moving average of C$112.40. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51.

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

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid 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 of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

Insider Transactions at Canadian Pacific Kansas City

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

About Canadian Pacific Kansas City

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.