Canadian Pacific Kansas City (TSE:CP) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) crossed 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.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research reports. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Barclays lifted their target price on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. National Bank Financial boosted their target price on Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Scotiabank upped their price target on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Citizens Jmp raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. One 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. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of C$134.36.

Canadian Pacific Kansas City Stock Down 1.2%

The firm’s 50-day simple moving average is C$125.65 and its 200 day simple moving average is C$117.17. 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 stock has a market capitalization of C$111.21 billion, a P/E ratio of 29.42, a PEG ratio of 2.32 and a beta of 1.28.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 27th were given a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 0.8%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is currently 22.14%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider James Dominic Luther Clements sold 21,035 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. Also, insider Maeghan Dawn Albiston sold 5,690 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$125.00, for a total value of C$711,250.00. Over the last 90 days, insiders sold 99,515 shares of company stock valued at $12,279,066. 0.03% of the stock is owned by insiders.

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.