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

Key Points

• Canadian Pacific Kansas City shares rose above their 200-day moving average of C$118.27, reaching C$131.20 before closing at C$129.78 on trading volume of about 1.23 million shares.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of C$134.36; several firms recently raised their targets to between C$143 and C$153.
• The company reported quarterly EPS of C$1.27 on C$4.16 billion in revenue and increased its quarterly dividend to C$0.268 per share, equivalent to an annualized yield of approximately 0.8%.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP's stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$118.27 and traded as high as C$131.20. Canadian Pacific Kansas City shares last traded at C$129.78, with a volume of 1,234,770 shares trading hands.

Wall Street Analysts Forecast Growth

CP has been the topic of several recent analyst reports. Scotiabank upped their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a "strong-buy" rating in a report on Thursday, July 16th. Desjardins upped their price target on shares of Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. BMO Capital Markets lifted their price objective on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Raymond James Financial boosted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lifted their price target on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold 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$134.36.

Canadian Pacific Kansas City Trading Down 0.8%

The firm has a market cap of C$114.09 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28. The company has a 50-day simple moving average of C$126.20 and a 200 day simple moving average of C$118.27. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last posted its earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share (EPS) for the quarter. The firm had revenue of C$4.16 billion during the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. As a group, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were given a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. The ex-dividend date was Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%. Canadian Pacific Kansas City's payout ratio is 22.14%.

Insiders Place Their Bets

In related news, insider James Dominic Luther Clements sold 21,035 shares of the company's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of C$125.68, for a total value of C$2,643,678.80. Also, insider Cassandra P. Quach sold 4,015 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$124.82, for a total value of C$501,152.30. Insiders have sold 99,515 shares of company stock worth $12,279,066 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

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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