Laird Joseph Pitz Sells 24,630 Shares of Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Laird Joseph Pitz sold 24,630 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total transaction of C$3,327,020.40.

Canadian Pacific Kansas City Trading Up 1.7%

Shares of Canadian Pacific Kansas City stock opened at C$133.08 on Friday. The stock has a market cap of C$116.99 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. The firm has a fifty day moving average price of C$126.75 and a 200 day moving average price of C$119.36. Canadian Pacific Kansas City Limited has a 1 year low of C$96.50 and a 1 year high of C$133.38. The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$1.27 EPS for the quarter. The company had revenue of C$4.16 billion for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were issued a $0.268 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City’s payout ratio is presently 22.14%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Scotiabank raised their target price on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 16th. Desjardins boosted their price target on Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a “buy” rating in a report on Thursday, July 30th. BMO Capital Markets upped their price objective on Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Raymond James Financial raised their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$134.36.

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.