Canadian Pacific Kansas City (TSE:CP) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$121.19 and traded as low as C$121.04. Canadian Pacific Kansas City shares last traded at C$122.01, with a volume of 1,641,450 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CP shares. National Bank Financial set a C$140.00 price target on Canadian Pacific Kansas City and gave the stock an “outperform” rating in a report on Wednesday. Desjardins raised their price objective on Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Citizens Jmp raised shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 15th. Barclays boosted their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. Finally, Raymond James Financial upped their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$134.36.

Canadian Pacific Kansas City Stock Up 0.6%

The stock has a fifty day moving average of C$127.42 and a 200 day moving average of C$121.28. The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42. The firm has a market capitalization of C$109.45 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.30.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$1.27 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%.The firm had revenue of C$4.16 billion during the quarter. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 26th will be given a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio is presently 22.14%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, insider Laird Joseph Pitz sold 24,630 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total value of C$3,327,020.40. Also, insider Mark Ashley Redd sold 52,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the completion of the transaction, the insider owned 2,199 shares in the company, valued at approximately C$295,765.50. The trade was a 95.94% decrease in their ownership of the stock. Over the last 90 days, insiders sold 78,015 shares of company stock worth $10,505,115. Insiders own 0.03% of the company’s stock.

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.