Canadian Pacific Kansas City (TSE:CP) Upgraded by Stephens to Strong-Buy Rating

Stephens upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

CP has been the subject of several other reports. National Bankshares upped their target price on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Desjardins dropped their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price target on shares of 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, October 24th. Finally, ATB Capital lifted their price objective on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$124.38.

Canadian Pacific Kansas City Stock Performance

TSE CP opened at C$109.63 on Monday. The stock has a market capitalization of C$102.30 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.32 and a beta of 0.79. The stock has a 50-day moving average of C$106.39 and a 200 day moving average of C$109.62. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a twelve month low of C$101.76 and a twelve month high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Monday, January 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of Canadian Pacific Kansas City stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$106.10, for a total value of C$307,694.64. Insiders sold a total of 70,284 shares of company stock worth $7,398,669 in the last three months. 0.03% of the stock is owned by corporate insiders.

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.