Canadian Pacific Kansas City (TSE:CP) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. CIBC increased their price target on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research note on Thursday, May 22nd. The Goldman Sachs Group downgraded shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a report on Monday, June 2nd. Royal Bank Of Canada lowered their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Raymond James Financial dropped their target price 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. Finally, Desjardins decreased their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating for the company in a report on Thursday, May 1st. 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 company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus price target of C$120.00.

Canadian Pacific Kansas City Stock Up 0.8%

The stock has a market capitalization of C$101.12 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The business has a fifty day moving average of C$108.18 and a 200 day moving average of C$107.44.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, July 28th will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.84%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.06%.

Insider Activity

In other news, Senior Officer Nadeem Velani sold 60,000 shares of Canadian Pacific Kansas City stock in a transaction on Thursday, June 12th. The stock was sold at an average price of C$110.30, for a total value of C$6,618,006.00. Also, Senior Officer Maeghan Dawn Albiston sold 12,950 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$112.04, for a total value of C$1,450,853.25. Insiders have sold a total of 335,099 shares of company stock worth $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.