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

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$127.17 and last traded at C$125.73, with a volume of 1265711 shares. The stock had previously closed at C$125.39.

Analyst Ratings Changes

Several equities analysts have weighed in on CP shares. National Bank Financial lifted their target price on Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Desjardins lifted their target price on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. TD lifted their target price 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. JPMorgan Chase & Co. lifted their target price on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th. Finally, ATB Cormark Capital Markets lifted their target price on Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the company a “moderate buy” rating in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of C$123.07.

Canadian Pacific Kansas City Stock Performance

The company has a market capitalization of C$111.62 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 2.32 and a beta of 1.29. The company has a debt-to-equity ratio of 52.35, a quick ratio of 0.42 and a current ratio of 0.67. The firm has a 50-day simple moving average of C$116.52 and a two-hundred day simple moving average of C$109.67.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The business had revenue of C$3.70 billion during the quarter. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, insider John Kenneth Brooks sold 65,130 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Also, Director Katharine Berghuis Stevenson acquired 1,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of C$118.37 per share, with a total value of C$118,370.00. Following the completion of the transaction, the director owned 3,000 shares of the company’s stock, valued at approximately C$355,110. This represents a 50.00% increase in their position. In the last 90 days, insiders sold 99,515 shares of company stock valued at $12,279,066. 0.03% of the stock is currently owned by company insiders.

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.