Canadian Pacific Kansas City (TSE:CP) Stock Price Passes Above 200 Day Moving Average - Here's Why

Shares of Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$107.42 and traded as high as C$108.09. Canadian Pacific Kansas City shares last traded at C$107.77, with a volume of 1,290,427 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on CP. Raymond James Financial cut their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Barclays cut their price objective on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. Royal Bank Of Canada cut their price objective on shares of Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group cut shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Finally, CIBC upped their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average target price of C$120.00.

Canadian Pacific Kansas City Stock Down 0.4%

The company's fifty day moving average is C$107.96 and its 200-day moving average is C$107.42. The company has a market capitalization of C$100.36 billion, a PE ratio of 28.35, 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, July 28th will be issued 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 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.06%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer Cassandra P. Quach sold 7,946 shares of Canadian Pacific Kansas City stock in a transaction on Thursday, June 19th. The stock was sold at an average price of C$111.00, for a total transaction of C$882,006.00. Also, Senior Officer Mark Ashley Redd sold 6,485 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of C$109.23, for a total value of C$708,331.01. Insiders sold a total of 335,099 shares of company stock valued at $37,174,048 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

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.