Canadian Pacific Kansas City (TSE:CP) Shares Pass Above 200 Day Moving Average – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$104.33 and traded as high as C$120.67. Canadian Pacific Kansas City shares last traded at C$118.41, with a volume of 1,883,427 shares trading hands.

Analyst Ratings Changes

Several research analysts have commented on the company. Scotiabank raised their target price on Canadian Pacific Kansas City from C$119.00 to C$124.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. National Bank Financial lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. BMO Capital Markets boosted their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$132.00 in a research note on Thursday, February 19th. TD Securities decreased their target price on shares of Canadian Pacific Kansas City from C$116.00 to C$112.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$124.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of C$119.57.

Canadian Pacific Kansas City Stock Down 3.4%

The company has a debt-to-equity ratio of 50.54, a current ratio of 0.49 and a quick ratio of 0.42. The company has a fifty day moving average price of C$106.93 and a 200 day moving average price of C$104.41. The company has a market cap of C$101.16 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.14.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, January 28th. The company reported C$1.33 earnings per share (EPS) for the quarter. The business had revenue of C$3.92 billion during the quarter. Canadian Pacific Kansas City had a net margin of 27.46% and a return on equity of 8.90%. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current year.

Insider Buying and Selling

In related news, insider John Kenneth Brooks sold 14,845 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$103.53, for a total value of C$1,536,902.85. Also, insider Cassandra P. Quach sold 4,135 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$102.35, for a total value of C$423,217.25. 0.03% of the stock is owned by company 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.