Canadian Pacific Kansas City (TSE:CP) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$109.87 and traded as high as C$110.20. Canadian Pacific Kansas City shares last traded at C$107.32, with a volume of 2,349,262 shares trading hands.

Wall Street Analyst Weigh In

CP has been the subject of several recent analyst reports. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. ATB Capital raised their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Loop Capital cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, Desjardins lifted their target price on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of C$123.86.

Canadian Pacific Kansas City Stock Performance

The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The business has a 50-day moving average of C$110.41 and a 200-day moving average of C$109.82. The company has a market capitalization of C$99.56 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.06%.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 51,727 shares of Canadian Pacific Kansas City stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$307,694.64. In the last ninety days, insiders have sold 88,994 shares of company stock worth $9,572,099. Insiders own 0.03% of the company’s stock.

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.