Canadian Pacific Kansas City (NYSE:CP) Sets New 1-Year High – Here’s What Happened

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $86.34 and last traded at $86.3110, with a volume of 2803080 shares trading hands. The stock had previously closed at $84.75.

Analysts Set New Price Targets

A number of brokerages have weighed in on CP. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Ten 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Stock Up 1.8%

The firm’s 50 day simple moving average is $76.21 and its 200-day simple moving average is $74.85. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $77.49 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. Canadian Pacific Kansas City’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 EPS. Equities analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.43%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several large investors have recently made changes to their positions in the stock. Stone Wealth Partners acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $211,000. Invesco Ltd. grew its position in shares of Canadian Pacific Kansas City by 1.3% in the 4th quarter. Invesco Ltd. now owns 23,431,949 shares of the transportation company’s stock valued at $1,725,294,000 after acquiring an additional 303,464 shares during the period. Birchwood Financial Partners Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $92,000. Vident Advisory LLC raised its holdings in shares of Canadian Pacific Kansas City by 2.1% in the 4th quarter. Vident Advisory LLC now owns 9,637 shares of the transportation company’s stock valued at $710,000 after purchasing an additional 201 shares during the period. Finally, Wahed Invest LLC raised its holdings in shares of Canadian Pacific Kansas City by 6.9% in the 4th quarter. Wahed Invest LLC now owns 17,914 shares of the transportation company’s stock valued at $1,321,000 after purchasing an additional 1,152 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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.