Canadian Pacific Kansas City (TSE:CP) Reaches New 1-Year High - Here's Why

Key Points

• Canadian Pacific Kansas City shares reached a new 52-week high of C$132.50, up from a previous close of C$130.16, giving the company a market capitalization of approximately C$115.48 billion.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of C$134.36; recent targets range as high as C$145.00.
• The company reported quarterly revenue of C$4.16 billion and EPS of C$1.27, while increasing its quarterly dividend to C$0.268, or C$1.07 annualized, for a yield of about 0.8%.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$132.50 and last traded at C$132.16, with a volume of 364370 shares traded. The stock had previously closed at C$130.16.

Analysts Set New Price Targets

CP has been the topic of several recent research reports. Barclays upped their price target on shares of Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. TD lifted their price target on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a "hold" rating in a research report on Thursday, July 30th. Desjardins upped their price objective on Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. 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 report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$134.36.

Canadian Pacific Kansas City Stock Performance

The company has a market capitalization of C$115.48 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. The firm has a fifty day simple moving average of C$126.38 and a 200 day simple moving average of C$118.86. The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last released its quarterly 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 for the quarter. On average, analysts anticipate 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 company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 27th were paid a $0.268 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 0.8%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. Canadian Pacific Kansas City's dividend payout ratio is currently 22.14%.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider Cassandra P. Quach sold 4,015 shares of Canadian Pacific Kansas City stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$124.82, for a total transaction of C$501,152.30. Also, insider Maeghan Dawn Albiston sold 5,690 shares of the 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. Over the last quarter, insiders have sold 99,515 shares of company stock worth $12,279,066. Company 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.

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