Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$112.69 and traded as high as C$116.65. Canadian Pacific Kansas City shares last traded at C$116.09, with a volume of 1,758,618 shares traded.
CP has been the topic of several analyst reports. ATB Capital lifted their target price on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Desjardins increased their target price on shares of Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Scotiabank raised shares of Canadian Pacific Kansas City from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$124.00 to C$130.00 in a report on Wednesday, July 10th. National Bankshares set a C$119.00 price objective on Canadian Pacific Kansas City and gave the company a "sector perform" rating in a report on Thursday, June 27th. Finally, Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the company a "market perform" rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$123.87.
Read Our Latest Report on CP
The firm has a market capitalization of C$108.33 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The company has a 50 day moving average price of C$112.41 and a two-hundred day moving average price of C$112.69.
Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.01 by C$0.04. The company had revenue of C$3.60 billion for the quarter, compared to analysts' expectations of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 5.090035 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, October 28th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.32%.
In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the firm's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the company's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. Over the last three months, insiders have sold 87,105 shares of company stock valued at $9,340,938. Corporate insiders own 0.03% of the company's stock.
Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.
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