Canadian Pacific Kansas City (TSE:CP) Given New C$130.00 Price Target at ATB Capital

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its target price hoisted by ATB Capital from C$120.00 to C$130.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on CP. Royal Bank of Canada raised their target price on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Stephens raised their target price on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an equal weight rating in a research report on Thursday, January 4th. National Bankshares raised their target price on Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research report on Thursday, April 4th. JPMorgan Chase & Co. raised their target price on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the company an overweight rating in a research report on Wednesday, January 31st. Finally, CIBC raised their target price on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an outperform rating in a research report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$119.44.

Canadian Pacific Kansas City Stock Down 0.5 %

Shares of CP opened at C$120.47 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The stock’s 50 day moving average is C$117.69 and its two-hundred day moving average is C$106.93. The firm has a market cap of C$112.34 billion, a P/E ratio of 28.62, a PEG ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 EPS for the quarter, beating the consensus estimate of C$1.12 by C$0.06. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The company had revenue of C$3.78 billion for the quarter, compared to analyst estimates of C$3.66 billion. Analysts predict that Canadian Pacific Kansas City will post 4.3864556 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.63%. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.05%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. Insiders have sold 37,833 shares of company stock worth $3,612,023 over the last quarter. 0.03% of the stock is currently owned by company 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.