Scotiabank Upgrades Canadian Pacific Kansas City (TSE:CP) to “Outperform”

Scotiabank upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a sector perform rating to an outperform rating in a report issued on Wednesday, Marketbeat.com reports. They currently have C$130.00 target price on the stock, up from their prior target price of C$124.00.

CP has been the topic of several other reports. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the stock a sector perform rating in a report on Thursday, June 27th. ATB Capital upped their target price on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an outperform rating in a report on Wednesday, April 10th. 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. Raymond James boosted their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an outperform rating in a research report on Monday, April 22nd. Finally, Sanford C. Bernstein raised their price objective on shares of Canadian Pacific Kansas City from C$118.00 to C$122.00 in a research report on Monday, July 8th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$121.93.

Canadian Pacific Kansas City Trading Up 0.1 %

Shares of CP opened at C$113.63 on Wednesday. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37. The stock has a market cap of C$105.98 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77. The firm’s fifty day moving average is C$108.77 and its two-hundred day moving average is C$111.80. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 51.94.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.02). Canadian Pacific Kansas City had a return on equity of 9.36% and a net margin of 28.26%. The business had revenue of C$3.52 billion during the quarter, compared to analysts’ expectations of C$3.52 billion. Research analysts forecast that Canadian Pacific Kansas City will post 4.1603293 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.77%.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$105.26, for a total value of C$6,307,717.49. In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of C$105.26, for a total transaction of C$6,307,717.49. Also, Senior Officer Jeffrey Ellis sold 21,255 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of C$111.35, for a total value of C$2,366,646.48. Insiders sold 208,730 shares of company stock worth $22,779,501 in the last three months. 0.03% of the stock is owned by company insiders.

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.