Canadian Pacific Kansas City (TSE:CP) Price Target Lowered to C$128.00 at Scotiabank

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) had its price objective cut by Scotiabank from C$130.00 to C$128.00 in a report published on Monday,BayStreet.CA reports.

Several other equities analysts have also weighed in on the company. Citigroup set a C$97.00 price objective on Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Barclays upped their price objective 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. Stephens upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, ATB Capital upped their price target on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$124.23.

Canadian Pacific Kansas City Stock Up 1.6 %

CP stock opened at C$109.98 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The company has a market capitalization of C$102.62 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 2.32 and a beta of 0.79. The firm has a 50 day simple moving average of C$106.19. Canadian Pacific Kansas City has a 12-month low of C$101.76 and a 12-month high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Monday, January 27th will be given 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 20.38%.

Insider Activity

In other news, Senior Officer James Dominic Luther Clements sold 15,657 shares of Canadian Pacific Kansas City 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 value of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total value of C$5,426,615.01. Over the last 90 days, insiders sold 70,284 shares of company stock valued at $7,398,669. 0.03% of the stock is currently 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.