Canadian Pacific Kansas City (TSE:CP) Director Acquires C$1,326,000.00 in Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Director Marc Parent bought 13,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average cost of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the completion of the acquisition, the director owned 13,933 shares in the company, valued at C$1,421,166. This trade represents a 1,393.35% increase in their position.

Canadian Pacific Kansas City Stock Performance

TSE:CP traded up C$0.26 during mid-day trading on Friday, hitting C$114.10. 1,222,454 shares of the company traded hands, compared to its average volume of 1,865,318. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The stock’s fifty day moving average price is C$102.70 and its 200-day moving average price is C$103.02. The firm has a market cap of C$102.43 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. Canadian Pacific Kansas City Limited has a one year low of C$94.60 and a one year high of C$115.54.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.22% and a net margin of 24.50%.The firm had revenue of C$3.92 billion for the quarter. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on CP shares. Scotiabank boosted their price objective on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Desjardins set a C$130.00 price objective on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Thursday, January 29th. National Bank Financial dropped their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating for the company in a research report on Thursday, January 8th. Natl Bk Canada cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, TD Securities reduced their target price on Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$118.62.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.