Canadian Pacific Kansas City (TSE:CP) Shares Pass Above 200-Day Moving Average of $112.68

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$112.68 and traded as high as C$113.76. Canadian Pacific Kansas City shares last traded at C$112.39, with a volume of 595,394 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Sanford C. Bernstein increased their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. National Bankshares set a C$119.00 target price on shares of Canadian Pacific Kansas City and gave the company a “sector perform” rating in a report on Thursday, June 27th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$124.00 to C$130.00 in a report on Wednesday, July 10th. Finally, ATB Capital increased their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of C$123.87.

Canadian Pacific Kansas City Stock Performance

The company has a market capitalization of C$104.87 billion, a PE ratio of 30.13, a PEG ratio of 2.32 and a beta of 0.78. The business’s 50-day moving average is C$110.71 and its 200-day moving average is C$112.68. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. The company had revenue of C$3.60 billion during the quarter, compared to analysts’ expectations of C$3.55 billion. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 4.2741935 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, October 28th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$105.26, for a total value of C$6,307,717.49. In other news, Senior Officer Laird Joseph Pitz sold 5,480 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of C$105.26, for a total transaction of C$6,307,717.49. In the last ninety days, insiders sold 150,230 shares of company stock worth $15,997,811. 0.03% of the stock is owned by corporate 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.