Canadian Pacific Kansas City Limited (TSE:CP) Receives Average Recommendation of “Buy” from Brokerages

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) have been assigned an average recommendation of “Buy” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$124.38.

Several research analysts have issued reports on CP shares. Barclays lifted their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. ATB Capital lifted their target price on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Stephens upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Desjardins decreased their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a report on Thursday, October 24th.

Insider Buying and Selling

In related news, Senior Officer Keith E. Creel sold 51,727 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Over the last three months, insiders have sold 70,284 shares of company stock valued at $7,398,669. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at C$108.27 on Monday. 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. The stock has a fifty day moving average of C$106.19 and a two-hundred day moving average of C$109.62. The company has a market capitalization of C$101.03 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is 20.38%.

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.