Canadian Pacific Kansas City (TSE:CP) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$120.92 and traded as high as C$125.51. Canadian Pacific Kansas City shares last traded at C$124.46, with a volume of 1,008,112 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citizens Jmp raised Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 15th. TD upped their price objective on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their price objective on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday, July 30th. National Bank Financial lifted their target price on Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, Raymond James Financial upped their price target on Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$134.36.

Canadian Pacific Kansas City Price Performance

The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93. The stock has a fifty day simple moving average of C$128.02 and a two-hundred day simple moving average of C$120.98. The company has a market cap of C$108.87 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 2.32 and a beta of 1.30.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 27th were issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is 22.14%.

Insiders Place Their Bets

In related news, insider Laird Joseph Pitz sold 24,630 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$135.08, for a total value 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 sale, the insider directly owned 2,199 shares in the company, valued at approximately C$295,765.50. This represents a 95.94% decrease in their position. In the last ninety days, insiders have sold 78,015 shares of company stock worth $10,505,115. 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.