Canadian Pacific Kansas City (TSE:CP) Hits New 12-Month High After Analyst Upgrade

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) shares reached a new 52-week high on Monday after BMO Capital Markets raised their price target on the stock from C$132.00 to C$142.00. BMO Capital Markets currently has an outperform rating on the stock. Canadian Pacific Kansas City traded as high as C$127.50 and last traded at C$124.88, with a volume of 332025 shares traded. The stock had previously closed at C$125.88.

A number of other equities analysts have also weighed in on CP. Barclays boosted their price target on shares of Canadian Pacific Kansas City from C$125.00 to C$135.00 in a research report on Thursday, April 30th. Scotiabank increased their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a report on Thursday, April 9th. ATB Cormark Capital Markets raised their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a research note on Friday, April 17th. TD upped their price target on 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, Desjardins increased their price target on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of C$123.79.

Insider Activity

In related news, insider James Dominic Luther Clements sold 21,035 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Also, insider Cassandra P. Quach sold 4,015 shares of Canadian Pacific Kansas City stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$124.82, for a total transaction of C$501,152.30. Insiders sold 99,515 shares of company stock valued at $12,279,066 in the last quarter. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42. The company has a market cap of C$110.87 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.32 and a beta of 1.29. The firm has a 50 day simple moving average of C$117.85 and a 200-day simple moving average of C$110.44.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 EPS for the quarter. The business had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 27th will be paid a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 0.9%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is 20.36%.

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.