Canadian Pacific Kansas City (TSE:CP) Insider Nadeem Velani Sells 1,925 Shares of Stock

Key Points

• Insider Nadeem Velani sold 16,987 Canadian Pacific Kansas City shares across four reported transactions, for proceeds of approximately C$2.23 million.
• The company reported quarterly earnings of C$1.28 per share and revenue of C$4.22 billion; analysts expect C$4.34 EPS for the current fiscal year.
• Analysts have a consensus “Moderate Buy” rating and a C$139 price target. Shares were trading at C$131.42 in the article’s cited session.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP insider Nadeem Velani sold 1,925 shares of Canadian Pacific Kansas City stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of C$127.75, for a total transaction of C$245,918.75.

Nadeem Velani also recently made the following trade(s):

• On Tuesday, November 3rd, Nadeem Velani sold 1,500 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$128.25, for a total transaction of C$192,375.00.
• On Wednesday, November 4th, Nadeem Velani sold 8,880 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$131.75, for a total transaction of C$1,169,940.00.
• On Wednesday, November 4th, Nadeem Velani sold 4,682 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$131.80, for a total transaction of C$617,087.60.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down C$0.26 during trading on Thursday, hitting C$131.42. 1,402,818 shares of the company were exchanged, compared to its average volume of 1,384,632. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 56.46. Canadian Pacific Kansas City Limited has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.54. The stock has a market capitalization of C$114.28 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 2.32 and a beta of 1.33. The firm has a 50 day moving average price of C$124.30 and a 200 day moving average price of C$119.76.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its earnings results on Wednesday, October 28th. The company reported C$1.28 EPS for the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. The firm had revenue of C$4.22 billion for the quarter. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 4.34 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, October 26th were issued a $0.2680 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio is 22.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian Pacific Kansas City from C$143.00 to C$150.00 and gave the company an "outperform" rating in a research report on Thursday, October 29th. TD lifted their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a "hold" rating in a research note on Thursday, July 30th. Scotiabank boosted their price target on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a "strong-buy" rating in a report on Thursday, July 16th. Stifel Nicolaus set a C$150.00 price target on Canadian Pacific Kansas City and gave the stock a "buy" rating in a research note on Tuesday, October 27th. Finally, Raymond James Financial set a C$144.00 price objective on Canadian Pacific Kansas City and gave the stock an "outperform" rating in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$139.00.

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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