Canadian Pacific Kansas City (NYSE:CP) Sees Large Volume Increase – Should You Buy?

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) shares saw strong trading volume on Thursday . Approximately 5,660,323 shares changed hands during trading, an increase of 109% from the previous session’s volume of 2,704,150 shares.The stock last traded at $88.0540 and had previously closed at $88.28.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of research analyst reports. Susquehanna upped their price target on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce boosted their price target on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Trading Down 0.6%

The business has a 50 day moving average of $91.43 and a two-hundred day moving average of $87.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The firm has a market capitalization of $77.08 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 1.83 and a beta of 1.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be given a $0.268 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.76%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of Canadian Pacific Kansas City by 3.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after buying an additional 130 shares during the period. First Eagle Investment Management LLC raised its holdings in Canadian Pacific Kansas City by 4.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,516 shares of the transportation company’s stock worth $305,000 after buying an additional 134 shares during the period. Foster Group Inc. increased its holdings in Canadian Pacific Kansas City by 3.3% during the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock worth $371,000 after purchasing an additional 137 shares in the last quarter. Modern Wealth Management LLC raised its stake in shares of Canadian Pacific Kansas City by 1.2% in the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock valued at $950,000 after purchasing an additional 142 shares during the period. Finally, Altshuler Shaham Ltd raised its holdings in shares of Canadian Pacific Kansas City by 1.2% in the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock valued at $926,000 after purchasing an additional 144 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.