Canadian Pacific Kansas City (NYSE:CP) Hits New 1-Year High – Here’s Why

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) hit a new 52-week high on Wednesday . The company traded as high as $95.13 and last traded at $95.2110, with a volume of 187136 shares changing hands. The stock had previously closed at $93.68.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CP shares. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Susquehanna raised their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Weiss Ratings raised Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Price Performance

The stock has a 50 day moving average of $90.07 and a two-hundred day moving average of $86.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The stock has a market cap of $83.41 billion, a PE ratio of 30.53, a PEG ratio of 1.84 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 12.6% on a year-over-year basis. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is currently 25.08%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fiduciary Financial Advisors purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at $25,000. Prosperity Bancshares Inc purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $29,000. McMillan Office Inc. acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at $31,000. Finally, Wealth Watch Advisors INC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.