Canadian Pacific Kansas City (NYSE:CP) Hits New 12-Month High – Should You Buy?

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP)’s share price hit a new 52-week high on Wednesday . The company traded as high as $95.13 and last traded at $95.2110, with a volume of 187136 shares. The stock had previously closed at $93.68.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CP. Susquehanna upped their price objective on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Evercore set a $99.00 price target on Canadian Pacific Kansas City in a research report on Thursday, July 30th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Finally, Weiss Ratings raised Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Trading Up 1.8%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The company’s 50 day moving average is $89.86 and its 200 day moving average is $85.81. The stock has a market capitalization of $83.74 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.83 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the business posted $1.12 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds have recently modified their holdings of the company. Fiduciary Financial Advisors bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $25,000. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City in the fourth quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth $29,000. McMillan Office Inc. acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth $31,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.