Canadian Pacific Kansas City (TSE:CP) Insider Sells C$2,643,678.80 in Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider James Dominic Luther Clements sold 21,035 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of C$125.68, for a total transaction of C$2,643,678.80.

Canadian Pacific Kansas City Stock Down 0.7%

CP stock opened at C$124.94 on Thursday. The firm’s 50-day moving average is C$117.20 and its two-hundred day moving average is C$110.06. The company has a market capitalization of C$110.91 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 2.32 and a beta of 1.29. The company has a current ratio of 0.67, a quick ratio of 0.42 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$127.17.

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 (EPS) for the quarter. The company had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 27th will be paid a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CP shares. JPMorgan Chase & Co. lifted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research note on Thursday, April 30th. Raymond James Financial lifted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. ATB Cormark Capital Markets lifted their price objective on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a research note on Friday, April 17th. Barclays lifted their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$135.00 in a research report on Thursday, April 30th. Finally, Desjardins lifted their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.