Canadian Pacific Kansas City (TSE:CP) Sets New 52-Week Low After Analyst Downgrade

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price hit a new 52-week low on Friday after National Bankshares lowered their price target on the stock from C$123.00 to C$118.00. National Bankshares currently has a sector perform rating on the stock. Canadian Pacific Kansas City traded as low as C$97.24 and last traded at C$98.93, with a volume of 113863 shares. The stock had previously closed at C$99.22.

Other equities analysts also recently issued research reports about the company. CIBC dropped their target price on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, February 3rd. ATB Capital boosted 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 report on Thursday, January 30th. Scotiabank cut their price objective on Canadian Pacific Kansas City from C$128.00 to C$120.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Desjardins boosted their target price 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 analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of C$124.36.

Insider Buying and Selling

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 value of C$2,173,430.39. 0.03% of the stock is owned by insiders.

Canadian Pacific Kansas City Stock Performance

The firm has a market cap of C$93.34 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.32 and a beta of 0.79. The firm’s 50 day moving average price is C$108.52 and its 200-day moving average price is C$108.78. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 28th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.76%. Canadian Pacific Kansas City’s payout ratio is 20.06%.

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.