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

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) shares reached a new 52-week high on Wednesday. The company traded as high as C$133.85 and last traded at C$133.48, with a volume of 36,350 shares changing hands. The stock had previously closed at C$132.98.

Analysts Set New Price Targets

Several equities analysts have commented on CP shares. TD increased their target price on 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. Scotiabank raised their price objective on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. ATB Cormark Capital Markets lowered their price target on Canadian Pacific Kansas City from C$146.00 to C$144.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Royal Bank Of Canada boosted their price target on shares of Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the stock an “outperform” rating in a report on Thursday, September 24th. Finally, Raymond James Financial set a C$144.00 price target on Canadian Pacific Kansas City and gave the company an “outperform” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$139.00.

Canadian Pacific Kansas City Stock Performance

The company has a 50-day moving average of C$124.84 and a 200 day moving average of C$120.75. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 56.46. The firm has a market capitalization of C$117.17 billion, a PE ratio of 31.12, a PEG ratio of 2.32 and a beta of 1.38.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share for the quarter. The firm had revenue of C$4.22 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 4.34 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 26th were given a $0.2680 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is 22.91%.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider Pamela Lynne Arpin sold 1,385 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of C$132.92, for a total value of C$184,094.20. Following the completion of the transaction, the insider owned 4,578 shares of the company’s stock, valued at C$608,507.76. The trade was a 23.23% decrease in their position. Also, insider Laird Joseph Pitz sold 24,630 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Over the last three months, insiders sold 95,002 shares of company stock valued at $12,730,436. Company insiders own 0.03% of the company’s stock.

About Canadian Pacific Kansas City

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.