Canadian Pacific Kansas City (TSE:CP) Reaches New 1-Year High – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$126.95 and last traded at C$125.63, with a volume of 344738 shares changing hands. The stock had previously closed at C$124.79.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CP. TD boosted their price objective on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the company a “hold” rating in a research report on Monday, April 13th. National Bank Financial boosted their price objective on Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Sanford C. Bernstein boosted their price objective on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research report on Tuesday, March 31st. Barclays boosted their price objective on Canadian Pacific Kansas City from C$125.00 to C$135.00 in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada dropped their price target on Canadian Pacific Kansas City from C$128.00 to C$127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of C$123.07.

Canadian Pacific Kansas City Price Performance

The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. The stock has a market capitalization of C$111.38 billion, a PE ratio of 28.00, a PEG ratio of 2.32 and a beta of 1.18. The company has a 50-day moving average of C$114.95 and a 200 day moving average of C$108.77.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The firm had revenue of C$3.70 billion during the quarter. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 27th were paid a dividend of $0.228 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 0.7%. Canadian Pacific Kansas City’s payout ratio is 20.36%.

Insider Buying and Selling

In related news, Director Katharine Berghuis Stevenson acquired 1,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of C$118.37 per share, with a total value of C$118,370.00. Following the completion of the purchase, the director owned 3,000 shares of the company’s stock, valued at approximately C$355,110. This represents a 50.00% increase in their position. Also, insider Cassandra P. Quach sold 4,015 shares of the business’s stock in a transaction on 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 three months, insiders sold 74,835 shares of company stock worth $9,173,894. 0.03% of the stock is currently owned by corporate 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.