Cassandra P. Quach Sells 7,946 Shares of Canadian Pacific Kansas City Limited (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer Cassandra P. Quach sold 7,946 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of C$111.00, for a total value of C$882,006.00.

Canadian Pacific Kansas City Stock Performance

TSE:CP opened at C$110.20 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The stock has a market capitalization of C$103.00 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The firm has a 50 day moving average of C$107.49 and a 200-day moving average of C$107.39. Canadian Pacific Kansas City Limited has a 1 year low of C$94.60 and a 1 year high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Monday, July 28th will be issued a $0.228 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.19. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.06%.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent research reports. Barclays decreased their price objective on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd. Scotiabank decreased their price objective on Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a “sector perform” rating on the stock in a report on Thursday, May 1st. UBS Group lifted their price objective on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a report on Thursday, May 1st. Desjardins cut their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, Raymond James Financial cut their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$120.00.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.