Canadian Pacific Kansas City (TSE:CP) Insider Mark Ashley Redd Sells 52,000 Shares

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Mark Ashley Redd sold 52,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the completion of the transaction, the insider owned 2,199 shares in the company, valued at C$295,765.50. This represents a 95.94% decrease in their ownership of the stock.

Canadian Pacific Kansas City Price Performance

CP opened at C$130.53 on Wednesday. The company has a fifty day moving average price of C$126.99 and a two-hundred day moving average price of C$119.82. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. Canadian Pacific Kansas City Limited has a 52 week low of C$96.50 and a 52 week high of C$133.38. The firm has a market capitalization of C$114.75 billion, a PE ratio of 30.36, a P/E/G ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%.The company had revenue of C$4.16 billion for the quarter. As a group, analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 27th were issued a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 22.14%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. increased their target price on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a report on Thursday, July 30th. Royal Bank Of Canada boosted their price target on shares of Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Raymond James Financial boosted their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Barclays lifted their target price on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. One 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$134.36.

Canadian Pacific Kansas City Company Profile

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.