Canadian Pacific Kansas City (TSE:CP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$117.17 and traded as high as C$128.70. Canadian Pacific Kansas City shares last traded at C$126.51, with a volume of 1,002,759 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on CP shares. Raymond James Financial boosted their price target on Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. TD boosted their target price on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Scotiabank boosted their target price on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 16th. Finally, ATB Cormark Capital Markets increased their price target on Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$134.36.

Canadian Pacific Kansas City Stock Down 1.2%

The firm has a market cap of C$111.21 billion, a P/E ratio of 29.42, 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 firm’s fifty day moving average is C$125.65 and its 200 day moving average is C$117.17.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were given a $0.268 dividend. The ex-dividend date of this dividend was Friday, June 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 22.14%.

Insiders Place Their Bets

In related news, insider James Dominic Luther Clements sold 21,035 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Also, insider Cassandra P. Quach sold 4,015 shares of the firm’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. Insiders sold a total of 99,515 shares of company stock valued at $12,279,066 in the last three months. Insiders own 0.03% of the company’s stock.

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.