Canadian Pacific Kansas City (TSE:CP) Reaches New 52-Week High – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$122.33 and last traded at C$122.25, with a volume of 434966 shares. The stock had previously closed at C$120.64.

Wall Street Analysts Forecast Growth

CP has been the topic of several research reports. TD raised their price objective on shares of Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a “hold” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. increased their target price on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research note on Thursday, April 30th. Desjardins raised their price target on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets lifted their price target on Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada cut 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 report on Thursday, April 30th. Eight research 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 presently has an average rating of “Moderate Buy” and an average target price of C$123.07.

Canadian Pacific Kansas City Trading Up 2.0%

The stock has a market capitalization of C$109.24 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 52.35. The stock’s fifty day moving average price is C$113.59 and its two-hundred day moving average price is C$107.89.

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

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 27th were issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.36%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Director Katharine Berghuis Stevenson acquired 1,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of C$118.37 per share, for a total transaction of C$118,370.00. Following the acquisition, the director owned 3,000 shares in the company, valued at C$355,110. The trade was 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.