Laird Joseph Pitz Sells 24,630 Shares of Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Laird Joseph Pitz sold 24,630 shares of Canadian Pacific Kansas City stock in a transaction dated 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 Up 1.5%

CP traded up C$1.94 during midday trading on Friday, reaching C$132.75. The company’s stock had a trading volume of 254,697 shares, compared to its average volume of 1,427,636. The firm has a market capitalization of C$116.70 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 2.32 and a beta of 1.28. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. Canadian Pacific Kansas City Limited has a 1 year low of C$96.50 and a 1 year high of C$132.86. The stock’s 50-day moving average is C$126.61 and its 200-day moving average is C$119.26.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its 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 during the quarter. 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 disclosed 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 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. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio is 22.14%.

Wall Street Analyst Weigh In

CP has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. TD upped their price target on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Barclays increased their price objective on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research report on Friday, June 26th. Scotiabank raised their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 16th. Finally, ATB Cormark Capital Markets lifted their target price on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. One 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$134.36.

Canadian Pacific Kansas City Company Profile

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.