Insider Buying: Canadian Pacific Kansas City (TSE:CP) Director Buys C$118,370.00 in Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Director Katharine Berghuis Stevenson purchased 1,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of C$118.37 per share, with a total value of C$118,370.00. Following the acquisition, the director directly owned 3,000 shares in the company, valued at C$355,110. This represents a 50.00% increase in their ownership of the stock.

Canadian Pacific Kansas City Trading Down 1.9%

TSE CP opened at C$117.00 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. Canadian Pacific Kansas City Limited has a 52 week low of C$96.50 and a 52 week high of C$122.25. The stock has a market capitalization of C$103.87 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. The firm has a 50 day moving average of C$112.94 and a two-hundred day moving average of C$107.12.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 EPS for the quarter. Canadian Pacific Kansas City had a net margin of 27.21% and a return on equity of 8.85%. The company had revenue of C$3.70 billion during the quarter. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 27th were issued a $0.228 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.36%.

Wall Street Analysts Forecast Growth

CP has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$132.00 in a report on Thursday, February 19th. Barclays upped their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$135.00 in a report on Thursday, April 30th. Scotiabank upped their target price 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 upped their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the company a “moderate buy” rating in a report on Friday, April 17th. Finally, Sanford C. Bernstein upped their target price on shares of Canadian Pacific Kansas City from C$117.00 to C$125.00 in a report on Tuesday, March 31st. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$123.07.

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.