Canadian Pacific Kansas City (TSE:CP) Sets New 12-Month High – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$132.50 and last traded at C$132.16, with a volume of 364370 shares traded. The stock had previously closed at C$130.16.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CP shares. Citizens Jmp raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada boosted their target price on 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. Desjardins upped their target price on Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Raymond James Financial increased their price target on Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, National Bank Financial lifted their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of C$134.36.

Canadian Pacific Kansas City Stock Up 0.3%

The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42. The business has a 50 day moving average price of C$126.61 and a 200 day moving average price of C$119.26. The firm has a market capitalization of C$114.99 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data 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 during the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. On average, analysts predict that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current 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 is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 22.14%.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider Maeghan Dawn Albiston sold 3,645 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$126.61, for a total value of C$461,493.45. Also, insider Cassandra P. Quach sold 4,015 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$124.82, for a total transaction of C$501,152.30. In the last three months, insiders have sold 99,515 shares of company stock worth $12,279,066. 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.