Canadian Pacific Kansas City (TSE:CP) Sets New 52-Week High – Still a Buy?

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$122.33 and last traded at C$122.25, with a volume of 434966 shares trading hands. The stock had previously closed at C$120.64.

Wall Street Analyst Weigh In

CP has been the topic of a number of research analyst reports. Barclays raised their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$135.00 in a research report on Thursday, April 30th. BMO Capital Markets raised their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research report on Thursday, February 19th. Desjardins raised their target price on shares of 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 raised their target price on shares of 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. Finally, National Bank Financial raised their target price on shares of 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. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of C$123.07.

Canadian Pacific Kansas City Trading Down 1.1%

The company has a market cap of C$110.84 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. The business’s fifty day moving average price is C$114.39 and its 200 day moving average price is C$108.44. The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42.

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. The company had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a net margin of 27.21% and a return on equity of 8.85%. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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

Insiders Place Their Bets

In other news, insider John Kenneth Brooks sold 65,130 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Also, Director Katharine Berghuis Stevenson purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of C$118.37 per share, for a total transaction of C$118,370.00. Following the acquisition, the director owned 3,000 shares of the company’s stock, valued at C$355,110. This trade represents a 50.00% increase in their position. 0.03% of the stock is currently owned by insiders.

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.