Canadian Pacific Kansas City (NYSE:CP) Reaches New 52-Week High – What’s Next?

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $83.86 and last traded at $83.1830, with a volume of 474845 shares. The stock had previously closed at $83.08.

Analyst Ratings Changes

Several brokerages have recently commented on CP. Evercore decreased their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Natl Bk Canada downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Citigroup decreased their price target on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Stock Up 0.0%

The business has a fifty day moving average price of $74.57 and a two-hundred day moving average price of $74.33. The firm has a market cap of $75.14 billion, a PE ratio of 25.77, a P/E/G ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the firm earned $1.29 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is presently 20.43%.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors have recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 0.8% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after purchasing an additional 139 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in Canadian Pacific Kansas City by 8.1% in the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after purchasing an additional 145 shares in the last quarter. Accretive Wealth Partners LLC increased its position in Canadian Pacific Kansas City by 1.3% during the second quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock worth $936,000 after buying an additional 157 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Canadian Pacific Kansas City by 3.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock valued at $371,000 after buying an additional 157 shares in the last quarter. Finally, Fortune Financial Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 1.2% in the fourth quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after buying an additional 158 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

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.