Insider Selling: Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer Sells C$307,694.64 in Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$106.10, for a total value of C$307,694.64.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at C$102.25 on Friday. The company has a market capitalization of C$95.41 billion, a P/E ratio of 27.41, a P/E/G ratio of 2.32 and a beta of 0.79. The company’s 50-day simple moving average is C$107.59 and its two-hundred day simple moving average is C$109.62. Canadian Pacific Kansas City Limited has a one year low of C$101.76 and a one year high of C$123.37. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 27th will be issued a $0.19 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

Analysts Set New Price Targets

Several brokerages have commented on CP. Sanford C. Bernstein lowered their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Susquehanna upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Citigroup set a C$97.00 price target on Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Wednesday, October 9th. Desjardins decreased their price objective on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Royal Bank of Canada dropped their target price on shares of Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$121.43.

About Canadian Pacific Kansas City

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.