Canadian Pacific Kansas City (NYSE:CP) Hits New 12-Month High – Here’s Why

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

Analyst Ratings Changes

CP has been the topic of several recent research reports. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 price objective (down previously from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, January 29th. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Trading Up 0.7%

The firm has a fifty day moving average of $74.17 and a 200-day moving average of $74.20. The stock has a market capitalization of $75.12 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.Canadian Pacific Kansas City’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 earnings per share. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

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

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently made changes to their positions in the company. Intech Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after acquiring an additional 2,940 shares during the period. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the first quarter valued at $35,000. Sivia Capital Partners LLC bought a new position in Canadian Pacific Kansas City during the second quarter worth $206,000. Concurrent Investment Advisors LLC grew its holdings in Canadian Pacific Kansas City by 35.6% in the second quarter. Concurrent Investment Advisors LLC now owns 8,123 shares of the transportation company’s stock worth $644,000 after purchasing an additional 2,133 shares during the period. Finally, LRI Investments LLC increased its stake in Canadian Pacific Kansas City by 42.1% during the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 213 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.