Sanford C. Bernstein Raises Canadian Pacific Kansas City (TSE:CP) Price Target to C$118.00

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target upped by Sanford C. Bernstein from C$117.00 to C$118.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also issued research reports about the company. Raymond James upped their target price on Canadian Pacific Kansas City from C$116.00 to C$120.00 in a research report on Monday, January 22nd. TD Securities increased their price objective on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the company a hold rating in a research note on Wednesday, January 31st. BMO Capital Markets raised their target price on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research note on Monday, April 8th. Scotiabank downgraded Canadian Pacific Kansas City from an outperform rating to a sector perform rating and raised their target price for the stock from C$120.00 to C$126.00 in a research note on Monday, March 25th. Finally, JPMorgan Chase & Co. raised their price objective on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the stock an overweight rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of Moderate Buy and an average price target of C$120.25.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at C$115.57 on Monday. The company has a market capitalization of C$107.77 billion, a PE ratio of 27.45, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. The company has a 50-day simple moving average of C$118.14 and a two-hundred day simple moving average of C$107.50. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, January 30th. The company reported C$1.18 EPS for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.06. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. The business had revenue of C$3.78 billion during the quarter, compared to the consensus estimate of C$3.66 billion. Research analysts expect that Canadian Pacific Kansas City will post 4.3266423 EPS 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. Stockholders of record on Thursday, March 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.05%.

Insider Buying and Selling

In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,500 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of C$122.15, for a total value of C$183,225.00. Insiders sold a total of 97,758 shares of company stock worth $10,774,715 in the last 90 days. Company insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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.