Katharine Berghuis Stevenson Buys 1,000 Shares of Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Director Katharine Berghuis Stevenson bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was 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 transaction, the director owned 3,000 shares in the company, valued at approximately C$355,110. This trade represents a 50.00% increase in their ownership of the stock.

Canadian Pacific Kansas City Stock Up 1.6%

Shares of TSE CP opened at C$119.28 on Friday. The stock has a market cap of C$105.89 billion, a PE ratio of 26.63, 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 Limited has a 52-week low of C$96.50 and a 52-week high of C$122.25. The business has a 50-day moving average price of C$112.97 and a 200 day moving average price of C$107.05.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The firm had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.85% and a net margin of 27.21%. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 27th were given a $0.228 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio is 20.36%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CP. TD Securities reduced their price objective on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating for the company in a research note on Thursday, January 29th. Desjardins upped their price objective on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reduced their price objective on Canadian Pacific Kansas City from C$128.00 to C$127.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Sanford C. Bernstein upped their price objective on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research note on Tuesday, March 31st. Finally, JPMorgan Chase & Co. upped their price objective on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$123.07.

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.