Canadian Pacific Kansas City (TSE:CP) Shares Cross Above 200 Day Moving Average – Should You Sell?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$117.17 and traded as high as C$128.70. Canadian Pacific Kansas City shares last traded at C$126.51, with a volume of 1,002,759 shares traded.

Analysts Set New Price Targets

CP has been the topic of several recent research reports. TD raised their target price on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a “hold” rating in a report on Thursday, July 30th. National Bank Financial upped their price target on Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Desjardins increased their price objective on Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada raised their price objective on Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, Citizens Jmp upgraded Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$134.36.

Canadian Pacific Kansas City Stock Up 0.9%

The firm has a market capitalization of C$112.24 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. The business’s 50 day moving average is C$125.74 and its 200-day moving average is C$117.25.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The firm had revenue of C$4.16 billion during the quarter. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 27th were given a dividend of $0.268 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is presently 22.14%.

Insider Activity

In other Canadian Pacific Kansas City news, insider James Dominic Luther Clements sold 21,035 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total value of C$2,643,678.80. Also, insider Cassandra P. Quach sold 4,015 shares of the company’s stock in a transaction that occurred 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. Insiders have sold 99,515 shares of company stock worth $12,279,066 over 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.