Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 7,110 put options on the stock. This represents an increase of approximately 523% compared to the average volume of 1,142 put options.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective for the company. Evercore decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, Raymond James raised their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.95.
Get Our Latest Stock Report on Canadian Pacific Kansas City
Institutional Inflows and Outflows
Canadian Pacific Kansas City Stock Performance
CP traded up $1.56 during trading on Wednesday, hitting $80.02. The stock had a trading volume of 373,334 shares, compared to its average volume of 2,186,523. The firm has a market cap of $74.65 billion, a PE ratio of 25.15, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $79.29 and a 200-day simple moving average of $82.31.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Analysts expect that Canadian Pacific Kansas City will post 3.15 EPS for the current year.
Canadian Pacific Kansas City Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is 17.95%.
Canadian Pacific Kansas City Company Profile
Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.
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