Canadian Pacific Kansas City (TSE:CP) Sets New 1-Year High - Still a Buy?

Key Points

• Shares hit a 52-week high of C$133.50, trading at C$133.18 after a previous close of C$131.68.
• Analysts have a consensus “Moderate Buy” rating and a C$139 average price target; recommendations include 11 Buy/Strong Buy ratings and four Holds.
• CPKC reported quarterly EPS of C$1.28 on C$4.22 billion in revenue. It paid a quarterly dividend of $0.268 per share, equivalent to an annualized yield of 0.8%.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP's share price reached a new 52-week high on Thursday. The stock traded as high as C$133.50 and last traded at C$133.18, with a volume of 552,472 shares traded. The stock had previously closed at C$131.68.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CP shares. Stephens raised Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 8th. Desjardins reduced their price objective on Canadian Pacific Kansas City from C$143.00 to C$141.00 and set a "buy" rating for the company in a report on Thursday, October 29th. Stifel Nicolaus set a C$150.00 price target on Canadian Pacific Kansas City and gave the company a "buy" rating in a research note on Tuesday, October 27th. Citizens Jmp upgraded Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 15th. Finally, ATB Cormark Capital Markets dropped their price objective on Canadian Pacific Kansas City from C$146.00 to C$144.00 and set an "outperform" rating for the company in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$139.00.

Canadian Pacific Kansas City Stock Performance

The firm has a fifty day moving average price of C$124.30 and a two-hundred day moving average price of C$119.76. The stock has a market capitalization of C$114.16 billion, a PE ratio of 30.32, a P/E/G ratio of 2.32 and a beta of 1.33. The company has a debt-to-equity ratio of 56.46, a current ratio of 0.52 and a quick ratio of 0.42.

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

Canadian Pacific Kansas City Announces Dividend

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

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider Laird Joseph Pitz sold 24,630 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total transaction of C$3,327,020.40. Also, insider Mark Ashley Redd sold 52,000 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the transaction, the insider owned 2,199 shares of the company's stock, valued at C$295,765.50. This represents a 95.94% decrease in their ownership of the stock. Insiders sold a total of 78,015 shares of company stock worth $10,505,115 in the last 90 days. Corporate insiders own 0.03% of the company's stock.

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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