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

Key Points

• CPKC shares crossed above their 200-day moving average (200-day = C$104.76), trading as high as C$113.54 and last at C$110.64 on volume of 1,514,604 shares.
• Analysts maintain a consensus "Moderate Buy" (eight Buy, three Hold) with an average price target of C$119.57, amid several recent target and rating adjustments from major banks.
• Notable insider activity: Director Marc Parent bought 13,000 shares at C$102, while another insider sold 14,845 shares at C$103.53, with insiders holding about 0.03% of the stock.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP's share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$104.76 and traded as high as C$113.54. Canadian Pacific Kansas City shares last traded at C$110.64, with a volume of 1,514,604 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on CP shares. Citigroup lowered their price target on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a "buy" rating on the stock in a report on Thursday, January 29th. National Bank Financial downgraded Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 8th. BMO Capital Markets boosted their target price 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. Finally, Royal Bank Of Canada reduced their price objective on Canadian Pacific Kansas City from C$127.00 to C$124.00 and set an "outperform" rating for the company in a research note on Thursday, January 29th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$119.57.

Canadian Pacific Kansas City Stock Performance

The company has a debt-to-equity ratio of 50.54, a current ratio of 0.49 and a quick ratio of 0.42. The firm has a fifty day moving average of C$108.05 and a 200 day moving average of C$104.76. The stock has a market cap of C$99.35 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 2.32 and a beta of 1.14.

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

Insider Activity

In other news, Director Marc Parent purchased 13,000 shares of the firm's stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average price of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the completion of the purchase, the director directly 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. Also, insider John Kenneth Brooks sold 14,845 shares of Canadian Pacific Kansas City stock in a transaction dated Friday, January 30th. The stock was sold at an average price of C$103.53, for a total value of C$1,536,902.85. Insiders own 0.03% of the company's stock.

About Canadian Pacific Kansas City

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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