Insider Buying: Canadian Pacific Kansas City (TSE:CP) Director Purchases 13,000 Shares of Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Director Marc Parent acquired 13,000 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the purchase, the director directly owned 13,933 shares in the company, valued at C$1,421,166. This represents a 1,393.35% increase in their position.

Canadian Pacific Kansas City Trading Up 0.2%

Shares of CP traded up C$0.26 during trading hours on Friday, hitting C$114.10. The company had a trading volume of 1,222,454 shares, compared to its average volume of 1,865,318. The stock’s 50 day moving average price is C$102.70 and its 200 day moving average price is C$103.02. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. Canadian Pacific Kansas City Limited has a 52-week low of C$94.60 and a 52-week high of C$115.54. The firm has a market cap of C$102.43 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.32 and a beta of 0.88.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released 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 during the quarter. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of research analyst reports. TD Securities reduced their price objective on shares of Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Desjardins set a C$130.00 price target on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Thursday, January 29th. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Canadian Imperial Bank of Commerce raised their target price on Canadian Pacific Kansas City from C$122.00 to C$123.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, National Bank Financial dropped their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$119.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.