Key Points
- Director Katharine Berghuis Stevenson bought 1,000 shares of Canadian Pacific Kansas City at C$118.37 each, increasing her holdings by 50% to 3,000 shares.
- The stock was down slightly on the day, trading around C$117.38, while the company’s market cap was about C$104.2 billion and shares were near their 52-week high.
- Analysts remain cautiously bullish, with several firms raising price targets and the stock carrying a Moderate Buy consensus rating and C$123.07 average target.
Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) (NYSE:CP) Director Katharine Berghuis Stevenson bought 1,000 shares of the company's stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of C$118.37 per share, for a total transaction of C$118,370.00. Following the completion of the purchase, the director owned 3,000 shares of the company's stock, valued at approximately C$355,110. The trade was a 50.00% increase in their ownership of the stock.
Canadian Pacific Kansas City Stock Down 0.2%
CP opened at C$117.38 on Thursday. The company's 50-day moving average price is C$112.98 and its two-hundred day moving average price is C$106.96. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. The stock has a market cap of C$104.20 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.32 and a beta of 1.18. Canadian Pacific Kansas City Limited has a twelve month low of C$96.50 and a twelve month high of C$122.25.
Canadian Pacific Kansas City (TSE:CP - Get Free Report) (NYSE:CP) last posted its earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. The business had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a net margin of 27.21% and a return on equity of 8.85%. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.
Canadian Pacific Kansas City Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 27th were issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, March 27th. Canadian Pacific Kansas City's dividend payout ratio is 20.36%.
Analysts Set New Price Targets
CP has been the topic of a number of analyst reports. Desjardins upped their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Raymond James Financial upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a report on Thursday, April 30th. Royal Bank Of Canada decreased their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$127.00 and set an "outperform" rating on the stock in a report on Thursday, April 30th. Finally, Barclays upped their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$135.00 in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus price target of C$123.07.
View Our Latest Stock Report on CP
Canadian Pacific Kansas City Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
