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

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP reached a new 52-week low on Thursday . The stock traded as low as C$94.60 and last traded at C$103.25, with a volume of 2786466 shares trading hands. The stock had previously closed at C$95.70.

Wall Street Analyst Weigh In

Several research firms have commented on CP. Stephens raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Sanford C. Bernstein lowered their price objective on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. Desjardins boosted their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. National Bankshares decreased their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a "sector perform" rating for the company in a research report on Thursday, April 3rd. Finally, Barclays reduced their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$123.54.

Canadian Pacific Kansas City Stock Performance

The company has a market capitalization of C$96.28 billion, a price-to-earnings ratio of 27.19, a P/E/G 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. The firm's 50 day simple moving average is C$106.40 and its 200-day simple moving average is C$107.87.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.74%. Canadian Pacific Kansas City's dividend payout ratio is 20.06%.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total value of C$2,173,430.39. 0.03% of the stock is currently owned by insiders.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.