Canadian Pacific Kansas City (TSE:CP) Stock: Insider Nadeem Velani Sells 1,925 Shares

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Nadeem Velani sold 1,925 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of C$127.75, for a total value of C$245,918.75.

Nadeem Velani also recently made the following trade(s):

• On Tuesday, November 3rd, Nadeem Velani sold 1,500 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$128.25, for a total value of C$192,375.00.
• On Wednesday, November 4th, Nadeem Velani sold 8,880 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$131.75, for a total value of C$1,169,940.00.
• On Wednesday, November 4th, Nadeem Velani sold 4,682 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$131.80, for a total value of C$617,087.60.

Canadian Pacific Kansas City Trading Down 0.2%

CP stock traded down C$0.26 during trading on Thursday, reaching C$131.42. 1,402,818 shares of the stock traded hands, compared to its average volume of 1,384,632. The firm has a market capitalization of C$114.28 billion, a PE ratio of 30.35, a P/E/G ratio of 2.32 and a beta of 1.33. The company has a debt-to-equity ratio of 56.46, a current ratio of 0.52 and a quick ratio of 0.42. The business’s 50 day moving average price is C$124.30 and its 200-day moving average price is C$119.76. Canadian Pacific Kansas City Limited has a 52-week low of C$96.50 and a 52-week high of C$133.54.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, October 28th. The company reported C$1.28 EPS for the quarter. The company had revenue of C$4.22 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 4.34 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 26th were issued a $0.2680 dividend. The ex-dividend date was Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 22.91%.

Analysts Set New Price Targets

CP has been the subject of several research reports. BMO Capital Markets boosted their price objective on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Raymond James Financial set a C$144.00 target price on shares of Canadian Pacific Kansas City and gave the company an “outperform” rating in a report on Monday, October 19th. Citizens Jmp raised shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 15th. Scotia upped their price target on shares of Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Finally, Desjardins lowered their price target on Canadian Pacific Kansas City from C$143.00 to C$141.00 and set a “buy” rating for the company in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of C$139.00.

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.