Canadian Pacific Kansas City (TSE:CP) Reaches New 12-Month High – Here’s Why

Canadian Pacific Kansas City Limited (TSE:CP – Get Free Report) (NYSE:CP)’s share price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as C$133.50 and last traded at C$133.18, with a volume of 552,472 shares changing hands. The stock had previously closed at C$131.68.

Canadian Pacific Kansas City News Roundup

Here are the key news stories impacting Canadian Pacific Kansas City this week:

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from C$102.00 to C$106.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Scotiabank increased their target price on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. Scotia raised their target price on Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. TD boosted their target price on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$139.00.

View Our Latest Analysis on CP

Canadian Pacific Kansas City Stock Down 1.1%

The company has a market capitalization of C$113.02 billion, a P/E ratio of 30.02, a P/E/G ratio of 2.32 and a beta of 1.38. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 56.46. The firm has a fifty day simple moving average of C$124.30 and a 200-day simple moving average of C$120.07.

Canadian Pacific Kansas City (TSE:CP – Get Free Report) (NYSE:CP) last released its quarterly earnings data on Wednesday, October 28th. The company reported C$1.28 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. The business had revenue of C$4.22 billion for the quarter. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 4.34 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 26th were issued a $0.2680 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 22.91%.

Insider Activity at Canadian Pacific Kansas City

In related news, insider Pamela Lynne Arpin sold 1,385 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$132.92, for a total transaction of C$184,094.20. Following the sale, the insider directly owned 4,578 shares in the company, valued at C$608,507.76. This trade represents a 23.23% decrease in their ownership of the stock. Also, insider Mark Ashley Redd sold 52,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the completion of the sale, the insider directly owned 2,199 shares in the company, valued at C$295,765.50. This represents a 95.94% decrease in their ownership of the stock. Insiders have sold 95,002 shares of company stock worth $12,730,436 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Canadian Pacific Kansas City Company Profile

(Get Free Report)

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.

Further Reading

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