National Bank Financial Analysts Give Canadian Pacific Kansas City (TSE:CP) a C$140.00 Price Target

by · The Markets Daily

National Bank Financial set a C$140.00 target price on Canadian Pacific Kansas City (TSE:CP – Free Report) (NYSE:CP) in a report issued on Wednesday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

CP has been the subject of a number of other research reports. ATB Cormark Capital Markets raised their price objective on Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Scotiabank upped their target price on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. Barclays raised their target price on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. Royal Bank Of Canada lifted their price target on shares of Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Desjardins boosted their price target on shares of Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a “buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of C$134.43.

Get Our Latest Research Report on Canadian Pacific Kansas City

Canadian Pacific Kansas City Stock Performance

TSE:CP opened at C$122.90 on Wednesday. The firm’s 50-day moving average is C$127.11 and its 200-day moving average is C$121.37. Canadian Pacific Kansas City has a 52-week low of C$96.50 and a 52-week high of C$133.38. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. The company has a market cap of C$108.04 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.32 and a beta of 1.30.

Canadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) last released its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The business had revenue of C$4.16 billion during the quarter. Equities research analysts anticipate 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, October 26th. Shareholders of record on Monday, October 26th will be issued a dividend of $0.2680 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is presently 22.14%.

Insider Activity

In related news, insider Laird Joseph Pitz sold 24,630 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Also, insider Mark Ashley Redd sold 52,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total value of C$6,994,000.00. Following the completion of the sale, the insider directly owned 2,199 shares in the company, valued at approximately C$295,765.50. This represents a 95.94% decrease in their position. In the last ninety days, insiders have sold 78,015 shares of company stock worth $10,505,115. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

(Get Free Report)

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.

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