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

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 trading hands.

Wall Street Analysts Forecast Growth

CP has been the topic of several research analyst reports. CIBC boosted their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research report on Thursday. 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 on the stock in a research report on Thursday, May 1st. UBS Group boosted their price target on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research note on Thursday, May 1st. Desjardins lowered their price target on Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, National Bankshares dropped their price objective on Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a "sector perform" rating for the company in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average price target of C$120.00.

Canadian Pacific Kansas City Trading Up 1.3%

The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a market capitalization of C$104.15 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 2.32 and a beta of 0.79. The business has a fifty day moving average price of C$103.68 and a 200 day moving average price of C$106.69.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. Canadian Pacific Kansas City's payout ratio is presently 20.06%.

Insider Activity

In related news, Senior Officer Mark Ashley Redd sold 6,485 shares of the stock in a transaction dated 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 own 0.03% of the company's stock.

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.