Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer Jeffrey Ellis Sells 21,255 Shares

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer Jeffrey Ellis sold 21,255 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of C$111.35, for a total transaction of C$2,366,646.48.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP traded up C$0.58 during trading on Wednesday, hitting C$112.14. The company’s stock had a trading volume of 1,020,657 shares, compared to its average volume of 1,240,749. The company has a 50-day moving average of C$117.33 and a 200-day moving average of C$108.86. The company has a debt-to-equity ratio of 51.94, a current ratio of 0.49 and a quick ratio of 0.42. The firm has a market cap of C$104.59 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City Limited has a 12 month low of C$94.45 and a 12 month high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.02). Canadian Pacific Kansas City had a net margin of 28.26% and a return on equity of 9.36%. The firm had revenue of C$3.52 billion for the quarter, compared to analysts’ expectations of C$3.52 billion. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 4.2982664 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CP shares. BMO Capital Markets increased their price target on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research report on Monday, April 8th. Sanford C. Bernstein upped their price target on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Scotiabank cut their target price on Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada boosted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. Finally, ATB Capital raised their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$120.63.

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.