Canadian Pacific Kansas City (TSE:CP) Reaches New 12-Month High – Time to Buy?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as C$133.50 and last traded at C$133.18, with a volume of 552,472 shares. The stock had previously closed at C$131.68.

Analyst Upgrades and Downgrades

CP has been the topic of several research analyst reports. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Raymond James Financial set a C$144.00 price target on Canadian Pacific Kansas City and gave the stock an “outperform” rating in a report on Monday, October 19th. Royal Bank Of Canada increased their price target on shares of Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the stock an “outperform” rating in a report on Thursday, September 24th. Scotia increased their price target on shares of Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Finally, TD raised their price objective on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a “hold” 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$139.00.

Canadian Pacific Kansas City Trading Down 0.3%

The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 56.46. The firm has a market cap of C$114.16 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33. The business has a 50 day moving average price of C$124.30 and a 200-day moving average price of C$119.76.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, October 28th. The company reported C$1.28 EPS for the quarter. The firm had revenue of C$4.22 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 4.34 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, October 26th were paid a dividend of $0.2680 per share. The ex-dividend date was Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 0.8%. Canadian Pacific Kansas City’s payout ratio is presently 22.91%.

Insiders Place Their Bets

In other news, insider Mark Ashley Redd sold 52,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$134.50, for a total value of C$6,994,000.00. Following the transaction, the insider directly owned 2,199 shares in the company, valued at approximately C$295,765.50. This trade represents a 95.94% decrease in their position. Also, insider Laird Joseph Pitz sold 24,630 shares of Canadian Pacific Kansas City stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Over the last three months, insiders have sold 78,015 shares of company stock valued at $10,505,115. Company insiders own 0.03% of the company’s stock.

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.