Canadian Pacific Kansas City (TSE:CP) Insider Laird Joseph Pitz Sells 24,630 Shares

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Laird Joseph Pitz sold 24,630 shares of the firm’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.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at C$133.08 on Friday. The company has a market capitalization of C$116.99 billion, a PE ratio of 30.95, a P/E/G ratio of 2.32 and a beta of 1.28. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. The company has a 50-day simple moving average of C$126.75 and a two-hundred day simple moving average of C$119.36. Canadian Pacific Kansas City Limited has a one year low of C$96.50 and a one year high of C$133.38.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were given a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was 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 payout ratio is 22.14%.

Analyst Ratings Changes

Several brokerages have weighed in on CP. Barclays raised their price target on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. BMO Capital Markets lifted their target price on shares of 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. ATB Cormark Capital Markets boosted their target price on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Finally, Royal Bank Of Canada raised their price target on shares of Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$134.36.

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.