Canadian Pacific Kansas City (TSE:CP) Price Target Cut to C$122.00 by Analysts at Royal Bank of Canada

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price target lowered by Royal Bank of Canada from C$128.00 to C$122.00 in a report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on the company. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. ATB Capital raised their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. CIBC lowered their price target on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Finally, Desjardins increased their price objective on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$123.00.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at C$100.99 on Monday. The business’s 50-day moving average is C$109.50 and its two-hundred day moving average is C$109.20. The company has a market capitalization of C$94.39 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a fifty-two week low of C$97.52 and a fifty-two week high of C$121.35. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 28th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.06%.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of C$116.16, for a total transaction of C$2,173,430.39. 0.03% of the stock is currently owned by corporate 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.