Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer John Kenneth Brooks Sells 37,420 Shares

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP Senior Officer John Kenneth Brooks sold 37,420 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$111.43, for a total value of C$4,169,691.14.

Canadian Pacific Kansas City Stock Up 0.3%

Canadian Pacific Kansas City stock traded up C$0.30 during midday trading on Friday, reaching C$112.39. The stock had a trading volume of 2,891,916 shares, compared to its average volume of 1,652,543. The firm's fifty day simple moving average is C$104.40 and its 200-day simple moving average is C$106.83. Canadian Pacific Kansas City Limited has a 1-year low of C$94.60 and a 1-year high of C$119.20. The stock has a market capitalization of C$105.05 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a dividend of $0.228 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. This represents a $0.91 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Kansas City's payout ratio is 20.06%.

Wall Street Analyst Weigh In

CP has been the topic of several recent research reports. Loop Capital cut Canadian Pacific Kansas City from a "strong-buy" rating to a "strong sell" rating in a report on Monday, February 3rd. ATB Capital decreased their price target on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Barclays decreased their price target on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd. National Bankshares decreased their price target on Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a "sector perform" rating on the stock in a report on Thursday, April 3rd. Finally, Raymond James cut their target price on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$120.00.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.