Canadian Pacific Kansas City (TSE:CP) Hits New 52-Week High Following Analyst Upgrade

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) hit a new 52-week high during trading on Monday after BMO Capital Markets raised their price target on the stock from C$132.00 to C$142.00. BMO Capital Markets currently has an outperform rating on the stock. Canadian Pacific Kansas City traded as high as C$127.50 and last traded at C$124.88, with a volume of 332025 shares. The stock had previously closed at C$125.88.

CP has been the topic of a number of other research reports. Sanford C. Bernstein boosted their target price on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research report on Tuesday, March 31st. Raymond James Financial raised their price target on 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. Scotiabank lifted their price objective on Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. boosted their price objective on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a report on Thursday, April 30th. Finally, TD increased their target price on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a “hold” rating in a research note on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$123.79.

Insider Transactions at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, insider Cassandra P. Quach sold 4,015 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of C$124.82, for a total value of C$501,152.30. Also, insider James Dominic Luther Clements sold 21,035 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of C$125.68, for a total transaction of C$2,643,678.80. In the last ninety days, insiders have sold 99,515 shares of company stock valued at $12,279,066. 0.03% of the stock is owned by corporate insiders.

Canadian Pacific Kansas City Stock Performance

The stock has a market capitalization of C$110.87 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.29. The company has a quick ratio of 0.42, a current ratio of 0.67 and a debt-to-equity ratio of 52.35. The stock has a fifty day moving average of C$117.85 and a 200-day moving average of C$110.44.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. The company had revenue of C$3.70 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 27th will be paid a dividend of $0.268 per share. The ex-dividend date is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is currently 20.36%.

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.