Shares of Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP) have been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $92.94.
Several analysts recently commented on the stock. Raymond James upgraded shares of Canadian Pacific Kansas City from a “market perform” rating to an “outperform” rating in a report on Thursday, October 26th. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Stifel Nicolaus boosted their price target on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $85.00 to $77.00 in a report on Monday, November 27th. Finally, Royal Bank of Canada decreased their price objective on shares of Canadian Pacific Kansas City from $133.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th.
Hedge Funds Weigh In On Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Performance
Shares of CP opened at $84.28 on Friday. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $85.40. The company has a 50-day moving average of $77.69 and a two-hundred day moving average of $76.47. The stock has a market cap of $78.56 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.61.
Canadian Pacific Kansas City Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.83%.
Canadian Pacific Kansas City Company Profile
Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.
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