Canadian Pacific Kansas City (TSE:CP) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$118.27 and traded as high as C$131.20. Canadian Pacific Kansas City shares last traded at C$129.78, with a volume of 1,234,770 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CP. BMO Capital Markets boosted their price target on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Citizens Jmp raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 15th. TD lifted their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research note on Thursday, July 30th. Finally, Raymond James Financial increased their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$134.36.

Canadian Pacific Kansas City Price Performance

The company’s 50 day moving average price is C$126.20 and its 200 day moving average price is C$118.27. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. The company has a market cap of C$114.09 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The business had revenue of C$4.16 billion during the quarter. On average, equities research analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were issued a dividend of $0.268 per share. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 22.14%.

Insider Activity

In other news, insider John Kenneth Brooks sold 65,130 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total value of C$7,961,491.20. Also, insider Maeghan Dawn Albiston sold 5,690 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$125.00, for a total value of C$711,250.00. Over the last three months, insiders have sold 99,515 shares of company stock worth $12,279,066. 0.03% of the stock is currently owned by insiders.

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.