Canadian Pacific Kansas City Limited (TSE:CP – Get Free Report) (NYSE:CP)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$132.50 and last traded at C$132.16, with a volume of 364370 shares trading hands. The stock had previously closed at C$130.16.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on CP shares. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research note on Thursday, July 30th. ATB Cormark Capital Markets raised their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price target on shares of Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Finally, Barclays upped their price objective on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$134.36.
View Our Latest Stock Report on CP
Canadian Pacific Kansas City Trading Up 0.9%
Canadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) last posted its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The firm had revenue of C$4.16 billion during the quarter. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.
Canadian Pacific Kansas City Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 27th were issued a $0.268 dividend. The ex-dividend date was Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 22.14%.
Insider Transactions at Canadian Pacific Kansas City
In other Canadian Pacific Kansas City news, insider John Kenneth Brooks sold 65,130 shares of Canadian Pacific Kansas City stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total value of C$7,961,491.20. Also, insider Maeghan Dawn Albiston sold 5,690 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$125.00, for a total transaction of C$711,250.00. Insiders sold a total of 99,515 shares of company stock worth $12,279,066 in the last 90 days. Insiders own 0.03% of the company’s stock.
About Canadian Pacific Kansas City
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.
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