Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Price Target at $92.94

Shares of Canadian Pacific Kansas City Limited (NYSE:CPGet 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.

Check Out Our Latest Stock Analysis on CP

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently made changes to their positions in the company. WCM Investment Management LLC grew its position in Canadian Pacific Kansas City by 21.8% in the third quarter. WCM Investment Management LLC now owns 38,100,632 shares of the transportation company’s stock valued at $2,835,068,000 after acquiring an additional 6,819,305 shares during the last quarter. Vanguard Group Inc. lifted its stake in Canadian Pacific Kansas City by 1.5% in the third quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company’s stock valued at $2,511,546,000 after buying an additional 483,138 shares during the period. FMR LLC lifted its stake in Canadian Pacific Kansas City by 1.8% in the third quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after buying an additional 553,163 shares during the period. Norges Bank acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $1,136,503,000. Finally, TD Asset Management Inc acquired a new position in shares of Canadian Pacific Kansas City during the second quarter worth approximately $1,164,873,000. 67.93% of the stock is owned by institutional investors.

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

(Get Free Report

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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Analyst Recommendations for Canadian Pacific Kansas City (NYSE:CP)

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