Laird Joseph Pitz Sells 18,710 Shares of Canadian Pacific Kansas City Limited (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer Laird Joseph Pitz sold 18,710 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of C$116.16, for a total value of C$2,173,430.39.

Canadian Pacific Kansas City Trading Up 1.3 %

CP stock opened at C$110.28 on Wednesday. The business’s 50-day moving average price is C$107.89. The company has a market cap of C$102.90 billion, a PE ratio of 29.57, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. Canadian Pacific Kansas City Limited has a 1 year low of C$101.76 and a 1 year high of C$123.37.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is 20.38%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CP. Susquehanna upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Scotiabank reduced their price objective on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a report on Thursday, January 30th. ATB Capital upped their price objective on Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Sanford C. Bernstein cut their price target on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Finally, Wolfe Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$124.07.

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.