Key Points
- Insider sale: Laird Joseph Pitz sold 24,630 Canadian Pacific Kansas City shares at an average price of C$135.08, generating approximately C$3.33 million.
- Stock and financial performance: Shares opened at C$133.08, near their 52-week high of C$133.38. The company reported quarterly EPS of C$1.27 on C$4.16 billion in revenue, with a 25.04% net margin.
- Dividend and analyst outlook: CPKC raised its quarterly dividend to $0.268 per share, an annualized yield of about 0.8%. Analysts have a consensus “Moderate Buy” rating and an average target price of C$134.36.
Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) (NYSE:CP) insider Laird Joseph Pitz sold 24,630 shares of the company's stock in a transaction on 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.
Canadian Pacific Kansas City Stock Performance
TSE CP opened at C$133.08 on Friday. The stock has a 50-day simple moving average of C$126.75 and a two-hundred day simple moving average of C$119.36. The firm has a market capitalization of C$116.99 billion, a P/E ratio of 30.95, a PEG ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City Limited has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.38. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59.
Canadian Pacific Kansas City (TSE:CP - Get Free Report) (NYSE:CP) last issued its earnings results on Wednesday, July 29th. The company reported C$1.27 EPS for the quarter. The firm 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%. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.
Canadian Pacific Kansas City Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. Canadian Pacific Kansas City's dividend payout ratio is 22.14%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on CP shares. TD boosted their target price 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. Scotiabank increased their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 16th. ATB Cormark Capital Markets raised their target price on Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Royal Bank Of Canada lifted their price target on Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Finally, National Bank Financial upped their price target on Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$134.36.
Check Out Our Latest Analysis on Canadian Pacific Kansas City
Canadian Pacific Kansas City Company Profile
(
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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.
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