Canadian Pacific Kansas City (TSE:CP) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. Susquehanna raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. ATB Capital lifted their price target 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. Desjardins lowered their price objective on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein cut their target price on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Buy” and a consensus price target of C$124.38.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at C$107.86 on Wednesday. The business has a 50-day simple moving average of C$106.39 and a 200-day simple moving average of C$109.64. 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 has a one year low of C$101.76 and a one year high of C$123.37. The company has a market cap of C$100.65 billion, a PE ratio of 28.92, a P/E/G ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

Insider Buying and Selling

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$307,694.64. Also, Senior Officer Keith E. Creel sold 51,727 shares of Canadian Pacific Kansas City 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 70,284 shares of company stock valued at $7,398,669 over the last quarter. 0.03% of the stock is currently owned by 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.