Canadian Pacific Kansas City (TSE:CP) Hits New 52-Week High – Should You Buy?

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) hit a new 52-week high on Wednesday . The stock traded as high as C$126.95 and last traded at C$125.63, with a volume of 344738 shares traded. The stock had previously closed at C$124.79.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CP shares. Raymond James Financial upped their target price on Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Desjardins upped their target price on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. ATB Cormark Capital Markets upped their target price on Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. boosted their price target on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th. Finally, National Bank Financial boosted their price target on Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$123.07.

Canadian Pacific Kansas City Price Performance

The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. The stock has a market capitalization of C$110.41 billion, a PE ratio of 27.76, a PEG ratio of 2.32 and a beta of 1.18. The company has a 50-day moving average of C$115.90 and a 200 day moving average of C$109.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results 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 firm had revenue of C$3.70 billion during the quarter. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Insider Buying and Selling

In other Canadian Pacific Kansas City news, insider John Kenneth Brooks sold 65,130 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total value of C$7,961,491.20. Also, insider Cassandra P. Quach sold 4,015 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$124.82, for a total value of C$501,152.30. Insiders have sold 78,480 shares of company stock valued at $9,635,387 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

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.