Canadian Pacific Kansas City (TSE:CP) Upgraded at Stephens

Stephens upgraded shares of Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other analysts have also recently issued reports on the company. Royal Bank of Canada dropped their target price on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Susquehanna raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Barclays raised their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, ATB Capital boosted their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$124.38.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at C$109.63 on Monday. The stock has a market capitalization of C$102.30 billion, a PE ratio of 29.39, a PEG ratio of 2.32 and a beta of 0.79. The company has a 50 day moving average price of C$106.39 and a 200-day moving average price of C$109.62. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. Canadian Pacific Kansas City has a fifty-two week low of C$101.76 and a fifty-two week high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is presently 20.38%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of Canadian Pacific Kansas City stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$106.10, for a total transaction of C$307,694.64. Also, Senior Officer Keith E. Creel sold 51,727 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total value of C$5,426,615.01. In the last quarter, insiders have sold 70,284 shares of company stock worth $7,398,669. 0.03% of the stock is 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.