Canadian Pacific Kansas City Limited (TSE:CP) Given Consensus Recommendation of “Buy” by Brokerages

by · The Cerbat Gem

Canadian Pacific Kansas City Limited (TSE:CP – Get Free Report) (NYSE:CP) has received a consensus rating of “Buy” from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, ten have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$119.46.

Several brokerages have commented on CP. Desjardins decreased their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$123.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. CIBC decreased their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$122.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. TD Securities boosted their target price on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Finally, National Bankshares upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and set a C$119.00 target price for the company in a research note on Thursday, July 31st.

Check Out Our Latest Analysis on CP

Canadian Pacific Kansas City Stock Up 0.0%

TSE:CP opened at C$106.17 on Tuesday. The company has a market cap of C$97.46 billion, a PE ratio of 23.65, a P/E/G ratio of 2.32 and a beta of 1.08. Canadian Pacific Kansas City has a twelve month low of C$94.60 and a twelve month high of C$119.20. 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 company’s 50 day moving average is C$105.83 and its two-hundred day moving average is C$106.34.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.77%.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer Pamela Lynne Arpin sold 8,500 shares of the business’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of C$109.81, for a total value of C$933,389.25. Also, Senior Officer Cassandra P. Quach sold 7,946 shares of the business’s stock in a transaction on Thursday, June 19th. The shares were sold at an average price of C$111.00, for a total transaction of C$882,006.00. Insiders sold a total of 100,546 shares of company stock worth $11,142,723 in the last three months. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

(Get Free Report)

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.

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