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

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s share price reached a new 52-week high on Wednesday. The stock traded as high as C$133.85 and last traded at C$133.48, with a volume of 36,350 shares changing hands. The stock had previously closed at C$132.98.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. National Bank Financial upped their target price on Canadian Pacific Kansas City from C$140.00 to C$142.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. JPMorgan Chase & Co. raised their target price on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research note on Thursday, July 30th. Scotiabank raised their target price on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. Scotia lifted their price target on Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. Finally, BMO Capital Markets upped their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of C$139.00.

Canadian Pacific Kansas City Stock Up 0.2%

The company’s fifty day moving average price is C$124.42 and its 200-day moving average price is C$120.40. The stock has a market capitalization of C$115.89 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.38. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 56.46.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. The company had revenue of C$4.22 billion for the quarter. 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 business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, October 26th were issued a $0.2680 dividend. This represents a $1.07 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is 22.91%.

Insider Buying and Selling

In other news, insider Pamela Lynne Arpin sold 1,385 shares of Canadian Pacific Kansas City stock in a transaction dated Friday, August 21st. The stock was sold at an average price of C$132.92, for a total value of C$184,094.20. Following the completion of the transaction, the insider owned 4,578 shares of the company’s stock, valued at C$608,507.76. The trade was a 23.23% decrease in their position. Also, insider Mark Ashley Redd sold 52,000 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was 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 position. Over the last ninety days, insiders sold 95,002 shares of company stock valued at $12,730,436. 0.03% of the stock is owned by insiders.

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.