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

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP's share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$106.65 and traded as high as C$114.74. Canadian Pacific Kansas City shares last traded at C$114.04, with a volume of 796,470 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CP shares. ATB Capital lowered their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. National Bankshares lowered their target price on shares of Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a "sector perform" rating for the company in a report on Thursday, April 3rd. Royal Bank of Canada dropped their price objective 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 report on Thursday, May 1st. Barclays decreased their target price on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. Finally, UBS Group upped their target price on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$120.00.

Canadian Pacific Kansas City Stock Performance

The company has a 50 day moving average of C$103.68 and a 200 day moving average of C$106.71. The firm has a market cap of C$102.80 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 0.83%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. Canadian Pacific Kansas City's dividend payout ratio is presently 20.06%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer Mark Ashley Redd sold 6,485 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of C$109.23, for a total transaction of C$708,331.01. 0.03% of the stock is currently owned by 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.