Canadian Pacific Kansas City (TSE:CP) Share Price Passes Above 50-Day Moving Average – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$121.53 and traded as high as C$126.32. Canadian Pacific Kansas City shares last traded at C$126.10, with a volume of 925,929 shares.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CP. Scotiabank raised their target price on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a report on Thursday, April 30th. TD increased their price target on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a “hold” rating in a research report on Monday, April 13th. BMO Capital Markets raised their price objective on Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, National Bank Financial lifted their price objective on shares of Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$126.57.

Canadian Pacific Kansas City Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 52.35. The business has a 50-day moving average price of C$121.87 and a 200 day moving average price of C$113.33. The stock has a market cap of C$113.64 billion, a PE ratio of 28.57, a PEG ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced 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. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 27th will be paid a $0.268 dividend. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio is 20.36%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, insider James Dominic Luther Clements sold 21,035 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Also, insider Cassandra P. Quach sold 4,015 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of C$124.82, for a total value of C$501,152.30. Over the last quarter, insiders have sold 99,515 shares of company stock valued at $12,279,066. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.