Canadian Pacific Kansas City (TSE:CP) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• CPKC shares moved above their 200‑day moving average (200‑day = C$106.66), trading as high as C$118.61 and last at C$116.28 on volume of 1,251,707 shares.
• Analyst sentiment is broadly positive: eight Buys and four Holds produce an average rating of "Moderate Buy" with an average price target of C$123.07, and several firms (including JPMorgan) recently raised targets.
• The company reported Q1 EPS of C$1.04 on C$3.70B revenue with a net margin of 27.21%, a market cap of C$103.23B, P/E ~25.96, and pays a quarterly dividend of C$0.228 (C$0.91 annualized, yield ~0.8%).

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$106.66 and traded as high as C$118.61. Canadian Pacific Kansas City shares last traded at C$116.28, with a volume of 1,251,707 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research note on Thursday, April 30th. ATB Cormark Capital Markets upped their target price on Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a "moderate buy" rating in a research note on Friday, April 17th. Desjardins upped their target price on Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Scotiabank boosted their price objective on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a "hold" rating in a research report on Thursday, April 9th. Finally, Citigroup lowered their price objective on Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a "buy" rating for the company in a research report on Thursday, January 29th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$123.07.

Canadian Pacific Kansas City Stock Down 0.8%

The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. The company has a 50-day simple moving average of C$113.17 and a two-hundred day simple moving average of C$106.66. The stock has a market cap of C$103.23 billion, a P/E ratio of 25.96, a P/E/G ratio of 2.32 and a beta of 1.18.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.85% and a net margin of 27.21%.The firm had revenue of C$3.70 billion during the quarter. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 27th were issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, March 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 20.36%.

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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