Canadian Pacific Kansas City (TSE:CP) Sets New 12-Month High – Here’s Why

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) reached a new 52-week high on Tuesday . The stock traded as high as C$127.17 and last traded at C$125.73, with a volume of 1265711 shares traded. The stock had previously closed at C$125.39.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CP shares. Desjardins boosted their target price on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Raymond James Financial boosted their target price on Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. ATB Cormark Capital Markets boosted their target price on Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a research note on Friday, April 17th. National Bank Financial boosted their target price on Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Finally, Scotiabank boosted their target price on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock a “hold” rating in a research note on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$123.07.

Canadian Pacific Kansas City Stock Performance

The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42. The stock has a 50 day simple moving average of C$116.52 and a two-hundred day simple moving average of C$109.67. The company has a market cap of C$111.62 billion, a PE ratio of 28.06, a PEG ratio of 2.32 and a beta of 1.29.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The company had revenue of C$3.70 billion during the quarter. Equities analysts predict that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 27th were paid a $0.228 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 0.7%. Canadian Pacific Kansas City’s payout ratio is currently 20.36%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, insider Maeghan Dawn Albiston sold 3,645 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$126.61, for a total value of C$461,493.45. Also, Director Katharine Berghuis Stevenson acquired 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of C$118.37 per share, with a total value of C$118,370.00. Following the purchase, the director owned 3,000 shares of the company’s stock, valued at C$355,110. The trade was a 50.00% increase in their position. Insiders have sold 99,515 shares of company stock valued at $12,279,066 in the last 90 days. 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.