Canadian Pacific Kansas City (TSE:CP) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$122.42 and traded as low as C$120.89. Canadian Pacific Kansas City shares last traded at C$122.70, with a volume of 1,055,589 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CP. National Bank Financial set a C$140.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “outperform” rating in a research note on Wednesday, September 23rd. ATB Cormack boosted their target price on shares of Canadian Pacific Kansas City from C$143.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank Of Canada lifted their price target on Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Scotiabank raised their price objective 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. Finally, Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of C$135.20.

Canadian Pacific Kansas City Stock Up 0.1%

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 company has a market cap of C$108.55 billion, a P/E ratio of 28.72, a PEG ratio of 2.32 and a beta of 1.33. The firm’s 50-day simple moving average is C$125.38 and its 200 day simple moving average is C$122.53.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. The firm had revenue of C$4.16 billion for the quarter. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 4.34 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 26th will be issued a dividend of $0.2680 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is presently 22.14%.

Insider Transactions at Canadian Pacific Kansas City

In related news, insider Laird Joseph Pitz sold 24,630 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total value of C$3,327,020.40. Also, insider Pamela Lynne Arpin sold 1,385 shares of Canadian Pacific Kansas City stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$132.92, for a total value of C$184,094.20. Following the completion of the transaction, the insider directly owned 4,578 shares of the company’s stock, valued at C$608,507.76. This represents a 23.23% decrease in their ownership of the stock. In the last 90 days, insiders sold 78,015 shares of company stock worth $10,505,115. 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.