Canadian Pacific Kansas City (TSE:CP) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$121.53 and traded as high as C$126.32. Canadian Pacific Kansas City shares last traded at C$126.10, with a volume of 925,929 shares changing hands.

Analyst Ratings Changes

CP has been the topic of several analyst reports. Desjardins increased their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets boosted their price target on Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research note on Thursday, April 30th. National Bank Financial raised their price objective on Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. Finally, BMO Capital Markets boosted their target price on Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$125.86.

Canadian Pacific Kansas City Price Performance

The company has a market capitalization of C$111.94 billion, a P/E ratio of 28.15, a PEG ratio of 2.32 and a beta of 1.28. The stock’s fifty day simple moving average is C$121.53 and its 200-day simple moving average is C$112.98. The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%.The business had revenue of C$3.70 billion during the quarter. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 27th will be given a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is presently 20.36%.

Insider Activity

In other news, insider Maeghan Dawn Albiston sold 5,690 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of C$125.00, for a total transaction of C$711,250.00. Also, insider John Kenneth Brooks sold 65,130 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of C$122.24, for a total transaction of C$7,961,491.20. Over the last quarter, insiders sold 99,515 shares of company stock worth $12,279,066. Corporate insiders own 0.03% of the company’s stock.

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.