Canadian Pacific Kansas City (TSE:CP) Hits New 1-Year High Following Analyst Upgrade

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) shares hit a new 52-week high during trading on Thursday after Citizens Jmp upgraded the stock to a hold rating. The company traded as high as C$130.98 and last traded at C$130.30, with a volume of 405987 shares traded. The stock had previously closed at C$127.09.

CP has been the topic of a number of other research reports. Scotiabank raised their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the stock a “hold” rating in a research note on Thursday, April 9th. Royal Bank Of Canada raised their price objective on shares of Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. ATB Cormark Capital Markets upped their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Barclays increased their price target on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$128.93.

Insider Activity

In other news, insider Maeghan Dawn Albiston sold 5,690 shares of Canadian Pacific Kansas City stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$125.00, for a total value of C$711,250.00. 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 value of C$501,152.30. Over the last quarter, insiders have sold 99,515 shares of company stock valued at $12,279,066. 0.03% of the stock is owned by corporate insiders.

Canadian Pacific Kansas City Stock Up 2.6%

The firm has a market capitalization of C$115.78 billion, a PE ratio of 29.11, a PEG ratio of 2.32 and a beta of 1.28. The business’s 50 day simple moving average is C$122.84 and its 200 day simple moving average is C$114.07. The company has a current ratio of 0.67, a quick ratio of 0.42 and a debt-to-equity ratio of 52.35.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 EPS for the quarter. The firm had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. On average, equities research 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 business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 27th will be issued a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, June 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is currently 20.36%.

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.