Canadian Pacific Kansas City (TSE:CP) Sets New 1-Year High on Analyst Upgrade

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) reached a new 52-week high during trading on Thursday after Stephens upgraded the stock to a hold rating. The company traded as high as C$128.01 and last traded at C$128.01, with a volume of 59505 shares trading hands. The stock had previously closed at C$126.10.

CP has been the subject of a number of other reports. Royal Bank Of Canada upped their target price on Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. TD boosted their price objective on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a “hold” rating in a research note on Monday, April 13th. National Bank Financial upped their price objective on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Scotiabank raised their target price on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. Finally, Barclays boosted their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of C$125.86.

Insider Activity at Canadian Pacific Kansas City

In other news, insider John Kenneth Brooks sold 65,130 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Also, insider James Dominic Luther Clements sold 21,035 shares of Canadian Pacific Kansas City stock in a transaction on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total value of C$2,643,678.80. In the last three months, insiders have sold 99,515 shares of company stock worth $12,279,066. 0.03% of the stock is owned by corporate insiders.

Canadian Pacific Kansas City Stock Up 1.0%

The business’s 50 day simple moving average is C$121.69 and its 200 day simple moving average is C$113.15. The company has a market capitalization of C$113.69 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. 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 (TSE:CP) (NYSE:CP) last released its quarterly earnings results 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 27.03% and a return on equity of 8.78%. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 27th will be given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.36%.

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.