Canadian Pacific Kansas City (TSE:CP) Hits New 12-Month High - Here's Why

Key Points

• Canadian Pacific Kansas City shares reached a 52-week high, trading as high as C$133.85, above the prior close of C$132.98.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of C$139. Recent targets from several firms range from C$144 to C$150.
• The company reported quarterly EPS of C$1.28 and revenue of C$4.22 billion, and paid a quarterly dividend of C$0.268 per share (C$1.07 annualized; 0.8% yield).

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$133.85 and last traded at C$133.48, with a volume of 36,350 shares traded. The stock had previously closed at C$132.98.

Analysts Set New Price Targets

A number of research analysts have commented on CP shares. BMO Capital Markets increased their price target on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Stifel Nicolaus set a C$150.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a "buy" rating in a report on Tuesday, October 27th. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from C$102.00 to C$106.00 and gave the stock a "buy" rating in a report on Thursday, October 29th. Scotia upped 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. Finally, Royal Bank Of Canada increased their target price on shares of Canadian Pacific Kansas City from C$145.00 to C$146.00 and gave the company an "outperform" rating in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average target price of C$139.00.

Canadian Pacific Kansas City Stock Performance

The company has a debt-to-equity ratio of 56.46, a quick ratio of 0.42 and a current ratio of 0.52. The business has a 50 day moving average price of C$124.42 and a two-hundred day moving average price of C$120.40. The company has a market cap of C$115.89 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.38.

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

Canadian Pacific Kansas City Dividend Announcement

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

Insiders Place Their Bets

In other Canadian Pacific Kansas City news, insider Nadeem Velani sold 8,880 shares of the business's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of C$131.75, for a total transaction of C$1,169,940.00. Following the transaction, the insider directly owned 4,682 shares of the company's stock, valued at approximately C$616,853.50. The trade was a 65.48% decrease in their position. Also, insider Laird Joseph Pitz sold 24,630 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Insiders have sold a total of 95,002 shares of company stock valued at $12,730,436 in the last 90 days. 0.03% of the stock is owned by corporate insiders.

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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