Canadian Pacific Kansas City (TSE:CP) Hits New 12-Month High – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$127.17 and last traded at C$125.73, with a volume of 1265711 shares traded. The stock had previously closed at C$125.39.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank Of Canada decreased their target price on shares of Canadian Pacific Kansas City from C$128.00 to C$127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Raymond James Financial upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Desjardins upped their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$131.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. National Bank Financial upped their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$123.07.

Canadian Pacific Kansas City Stock Down 0.7%

The firm’s fifty day moving average price is C$117.20 and its 200-day moving average price is C$110.06. The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42. The firm has a market capitalization of C$110.91 billion, a P/E ratio of 27.89, a PEG ratio of 2.32 and a beta of 1.29.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share (EPS) for the quarter. The business had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 27th will be issued a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is 20.36%.

Insiders Place Their Bets

In related news, Director Katharine Berghuis Stevenson acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of C$118.37 per share, for a total transaction of C$118,370.00. Following the completion of the acquisition, the director directly owned 3,000 shares of the company’s stock, valued at approximately C$355,110. The trade was a 50.00% increase in their position. Also, insider Maeghan Dawn Albiston sold 5,690 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$125.00, for a total transaction of C$711,250.00. Over the last ninety days, insiders sold 99,515 shares of company stock valued at $12,279,066. 0.03% of the stock is currently owned by insiders.

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.