Canadian Pacific Kansas City (TSE:CP) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Canadian Pacific Kansas City shares fell below their 200-day moving average of C$121.19, trading as low as C$121.04 before last changing hands at C$122.01.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of C$134.36; recent target increases included Scotiabank to C$143 and Desjardins to C$143.
• The company reported quarterly revenue of C$4.16 billion and EPS of C$1.27, and announced a quarterly dividend of C$0.268, equivalent to an annualized yield of about 0.9%.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$121.19 and traded as low as C$121.04. Canadian Pacific Kansas City shares last traded at C$122.01, with a volume of 1,641,450 shares.

Analyst Ratings Changes

CP has been the subject of a number of recent research reports. Scotiabank upped their target price on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 16th. TD raised their target price on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a "hold" rating in a research report on Thursday, July 30th. Desjardins upped their price target on Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Citizens Jmp raised Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 15th. Finally, Stephens upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$134.36.

Canadian Pacific Kansas City Stock Performance

The stock has a market cap of C$107.26 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.32 and a beta of 1.30. The company's fifty day simple moving average is C$127.56 and its two-hundred day simple moving average is C$121.19. The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last posted its earnings results on Wednesday, July 29th. The company reported C$1.27 EPS for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The company had revenue of C$4.16 billion during the quarter. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 26th will be issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 22.14%.

Insider Buying and Selling

In other Canadian Pacific Kansas City news, insider Laird Joseph Pitz sold 24,630 shares of the firm's stock in a transaction 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 business's stock in a transaction dated 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 in the company, valued at approximately C$295,765.50. This trade represents a 95.94% decrease in their ownership of the stock. Over the last 90 days, insiders sold 78,015 shares of company stock worth $10,505,115. 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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