Canadian Pacific Kansas City (TSE:CP) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$104.99 and traded as high as C$108.59. Canadian Pacific Kansas City shares last traded at C$107.60, with a volume of 3,487,857 shares.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CP shares. Desjardins set a C$130.00 price objective on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Thursday, January 29th. BMO Capital Markets upped their price target on shares of Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research note on Thursday, February 19th. Royal Bank Of Canada lowered their price objective on shares of Canadian Pacific Kansas City from C$127.00 to C$124.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Finally, National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$119.57.

Canadian Pacific Kansas City Price Performance

The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 50.54. The firm’s 50-day moving average price is C$109.22 and its two-hundred day moving average price is C$104.98. The stock has a market cap of C$96.62 billion, a PE ratio of 23.86, a PEG ratio of 2.32 and a beta of 1.14.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The company reported C$1.33 EPS for the quarter. The company had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.46% and a return on equity of 8.90%. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 27th will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 19.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, insider Cassandra P. Quach sold 4,135 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$102.35, for a total transaction of C$423,217.25. Also, insider John Kenneth Brooks sold 14,845 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$103.53, for a total value of C$1,536,902.85. 0.03% of the stock is owned by insiders.

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.