Canadian Pacific Kansas City (TSE:CP) Stock: Insider Nadeem Velani Sells 1,500 Shares

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Nadeem Velani sold 1,500 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of C$128.25, for a total transaction of C$192,375.00.

Nadeem Velani also recently made the following trade(s):

• On Monday, November 2nd, Nadeem Velani sold 1,925 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$127.75, for a total transaction of C$245,918.75.
• On Wednesday, November 4th, Nadeem Velani sold 8,880 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$131.75, for a total transaction of C$1,169,940.00.
• On Wednesday, November 4th, Nadeem Velani sold 4,682 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$131.80, for a total transaction of C$617,087.60.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock traded down C$0.26 during trading hours on Thursday, reaching C$131.42. The stock had a trading volume of 1,402,818 shares, compared to its average volume of 1,384,632. The stock’s 50 day moving average is C$124.30 and its 200 day moving average is C$119.76. The firm has a market capitalization of C$114.28 billion, a PE ratio of 30.35, a PEG ratio of 2.32 and a beta of 1.33. Canadian Pacific Kansas City Limited has a twelve month low of C$96.50 and a twelve month high of C$133.54. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 56.46.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share for the quarter. The firm had revenue of C$4.22 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. Equities analysts expect that Canadian Pacific Kansas City Limited will post 4.34 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, October 26th were issued a $0.2680 dividend. This represents a $1.07 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 22.91%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CP. Citigroup increased their target price on Canadian Pacific Kansas City from C$102.00 to C$106.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Canadian Imperial Bank of Commerce boosted their price target on shares of Canadian Pacific Kansas City from C$143.00 to C$150.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. National Bank Financial upped their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$142.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Raymond James Financial set a C$144.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “outperform” rating in a report on Monday, October 19th. Finally, Scotiabank lifted their target price on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$139.00.

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.