Canadian Pacific Kansas City (TSE:CP) Reaches New 52-Week High – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$122.33 and last traded at C$122.25, with a volume of 434966 shares. The stock had previously closed at C$120.64.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank Of Canada decreased their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$127.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. ATB Cormark Capital Markets lifted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a research note on Friday, April 17th. National Bank Financial lifted their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Citigroup decreased 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 research note on Thursday, January 29th. Finally, Desjardins lifted their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of C$123.07.

Canadian Pacific Kansas City Trading Up 2.0%

The company has a debt-to-equity ratio of 52.35, a quick ratio of 0.42 and a current ratio of 0.67. The stock’s 50-day simple moving average is C$113.59 and its 200-day simple moving average is C$107.89. The firm has a market capitalization of C$109.24 billion, a PE ratio of 27.47, a P/E/G ratio of 2.32 and a beta of 1.18.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The business had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a net margin of 27.21% and a return on equity of 8.85%. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 27th were given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.36%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Director Katharine Berghuis Stevenson acquired 1,000 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of C$118.37 per share, with a total value of C$118,370.00. Following the transaction, the director owned 3,000 shares in the company, valued at C$355,110. This trade represents a 50.00% increase in their ownership of the stock. Insiders own 0.03% of the company’s stock.

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.