Mark Ashley Redd Sells 6,485 Shares of Canadian Pacific Kansas City Limited (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer Mark Ashley Redd sold 6,485 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of C$109.23, for a total value of C$708,331.01.

Canadian Pacific Kansas City Trading Up 2.2%

CP opened at C$109.46 on Wednesday. Canadian Pacific Kansas City Limited has a 12 month low of C$94.60 and a 12 month high of C$119.20. The stock has a market capitalization of C$102.31 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The business has a fifty day moving average price of C$102.78 and a 200 day moving average price of C$106.45.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 0.83%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.19. Canadian Pacific Kansas City’s payout ratio is presently 20.06%.

Analyst Upgrades and Downgrades

CP has been the subject of several recent analyst reports. UBS Group raised their target price on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research note on Thursday, May 1st. Barclays cut their target price on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research note on Wednesday, April 2nd. Scotiabank cut their target price on Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. CIBC lowered their price target on Canadian Pacific Kansas City from C$124.00 to C$119.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Finally, Royal Bank of Canada lowered their price target on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$119.62.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.