Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) (NYSE:CP) insider Mark Ashley Redd sold 52,000 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the completion of the sale, the insider owned 2,199 shares in the company, valued at C$295,765.50. This trade represents a 95.94% decrease in their ownership of the stock.
Canadian Pacific Kansas City Stock Performance
Shares of CP stock opened at C$130.53 on Wednesday. Canadian Pacific Kansas City Limited has a 12 month low of C$96.50 and a 12 month high of C$133.38. The company's fifty day simple moving average is C$126.99 and its 200-day simple moving average is C$119.82. The firm has a market cap of C$114.75 billion, a PE ratio of 30.36, a P/E/G ratio of 2.32 and a beta of 1.28. The company has a quick ratio of 0.42, a current ratio of 0.59 and a debt-to-equity ratio of 53.93.
Canadian Pacific Kansas City (TSE:CP - Get Free Report) (NYSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The firm had revenue of C$4.16 billion for the quarter. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current fiscal year.
Canadian Pacific Kansas City Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 27th were issued a dividend of $0.268 per share. The ex-dividend date 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 annualized dividend and a yield of 0.8%. Canadian Pacific Kansas City's dividend payout ratio is currently 22.14%.
Analysts Set New Price Targets
CP has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday, July 30th. Barclays upped their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. BMO Capital Markets increased their price target on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. National Bank Financial boosted their price objective on shares of Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Finally, Raymond James Financial upped their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus target price of C$134.36.
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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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