Canadian Pacific Kansas City (TSE:CP) Insider Sells 1,500 Shares of Company Stock

Key Points

• Insider Nadeem Velani sold 1,500 shares for C$192,375 at an average price of C$128.25; the article also reports three additional sales totaling 15,487 shares in the same period.
• CPK reportedly posted quarterly earnings of C$1.28 per share on C$4.22 billion in revenue. Analysts’ consensus rating was “Moderate Buy,” with a C$139 average price target.
• The shares traded at C$131.42, near their 52-week high of C$133.54. The company’s annualized dividend yield was 0.8%.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP insider Nadeem Velani sold 1,500 shares of the company's stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of C$128.25, for a total value of C$192,375.00.

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

• On Monday, November 2nd, Nadeem Velani sold 1,925 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$127.75, for a total value of C$245,918.75.
• On Wednesday, November 4th, Nadeem Velani sold 8,880 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$131.75, for a total value 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 value of C$617,087.60.

Canadian Pacific Kansas City Stock Performance

CP traded down C$0.26 on Thursday, reaching C$131.42. 1,402,818 shares of the stock were exchanged, compared to its average volume of 1,384,632. The company has a debt-to-equity ratio of 56.46, a current ratio of 0.52 and a quick ratio of 0.42. The company's 50-day moving average price is C$124.30 and its 200 day moving average price is C$119.76. The firm has a market capitalization of C$114.28 billion, a PE ratio of 30.35, a PEG ratio of 2.32 and a beta of 1.33. 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.

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

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 26th were issued a $0.2680 dividend. This represents a $1.07 annualized dividend 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 Ratings Changes

Several brokerages have commented on CP. Scotia lifted their price objective on shares of Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the company an "outperform" rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. increased their price objective on shares of Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research note on Thursday, July 30th. Royal Bank Of Canada raised their target price on shares of Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the stock an "outperform" rating in a report on Thursday, September 24th. Canadian Imperial Bank of Commerce boosted their target price 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. Finally, Stephens raised shares of Canadian Pacific Kansas City to a "hold" rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$139.00.

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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