Canadian Pacific Kansas City (TSE:CP) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?
by Renee Jackson · The Cerbat GemCanadian Pacific Kansas City Limited (TSE:CP – Get Free Report) (NYSE:CP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$107.47 and traded as high as C$120.09. Canadian Pacific Kansas City shares last traded at C$118.65, with a volume of 1,283,656 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have commented on CP. National Bank Financial upped their price objective on Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. BMO Capital Markets increased their target price on Canadian Pacific Kansas City from C$126.00 to C$132.00 in a report on Thursday, February 19th. Raymond James Financial increased their target price on Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a report on Thursday, April 30th. Finally, TD Securities reduced their target price on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$123.07.
Read Our Latest Analysis on Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Down 0.3%
The firm has a 50 day moving average of C$113.39 and a two-hundred day moving average of C$107.68. The firm has a market capitalization of C$105.79 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35.
Canadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. The business had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.85% and a net margin of 27.21%. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current fiscal year.
Canadian Pacific Kansas City Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 27th were paid a $0.228 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.36%.
Insider Activity at Canadian Pacific Kansas City
In other news, Director Katharine Berghuis Stevenson purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of C$118.37 per share, with a total value of C$118,370.00. Following the completion of the purchase, the director owned 3,000 shares of the company’s stock, valued at C$355,110. This trade represents a 50.00% increase in their position. Insiders own 0.03% of the company’s stock.
Canadian Pacific Kansas City Company Profile
With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.