Canadian Pacific Kansas City (TSE:CP) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• Shares passed above its 200‑day moving average: CP traded as high as C$108.59 and last at C$107.60 on volume of about 3.49 million shares, above the 200‑day MA of C$104.99.
• Analyst sentiment is generally positive: eight analysts rate the stock Buy and three Hold, giving a consensus "Moderate Buy" and an average price target of C$119.57, with recent target revisions ranging from cuts by Citi to raises from BMO and Scotiabank.
• Solid fundamentals and a dividend: recent quarterly EPS was C$1.33 on C$3.92B revenue, market cap ~C$96.6B and P/E ~23.9, and the company declared a quarterly dividend of $0.228 (annualized $0.91, yield ~0.8%, ex‑dividend Mar 27, payable Apr 27).

Shares of Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$104.99 and traded as high as C$108.59. Canadian Pacific Kansas City shares last traded at C$107.60, with a volume of 3,487,857 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research report on Thursday, February 19th. Desjardins set a C$130.00 price target on Canadian Pacific Kansas City and gave the stock a "buy" rating in a research report on Thursday, January 29th. Citigroup dropped their price objective on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a "buy" rating for the company in a research note on Thursday, January 29th. National Bank Financial lowered shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 8th. Finally, Scotiabank raised their price objective on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of C$119.57.

Canadian Pacific Kansas City Stock Performance

The firm has a fifty day moving average of C$109.22 and a 200 day moving average of C$104.99. The stock has a market cap of C$96.62 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.32 and a beta of 1.14. The company has a debt-to-equity ratio of 50.54, a current ratio of 0.49 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last issued its earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The business had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.46%. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, April 27th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City's dividend payout ratio is 19.38%.

Insider Activity

In related news, insider Cassandra P. Quach sold 4,135 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of C$102.35, for a total value of C$423,217.25. Also, Director Marc Parent bought 13,000 shares of the business's stock in a transaction on Friday, January 30th. The shares were acquired at an average cost of C$102.00 per share, with a total value of C$1,326,000.00. Following the purchase, the director owned 13,933 shares of the company's stock, valued at C$1,421,166. The trade was a 1,393.35% increase in their ownership of the stock. 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.

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