Canadian Pacific Kansas City (TSE:CP) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$107.32 and traded as high as C$110.79. Canadian Pacific Kansas City shares last traded at C$109.33, with a volume of 1,162,733 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on CP. UBS Group upped their target price on shares of Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research note on Thursday, May 1st. CIBC lifted their price objective on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a report on Thursday, May 22nd. National Bankshares dropped their target price on Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a “sector perform” rating for the company in a report on Thursday, April 3rd. Raymond James Financial cut their target price on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Finally, ATB Capital lowered their price target on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of C$120.00.

Canadian Pacific Kansas City Trading Down 1.4%

The company’s 50-day moving average is C$106.99 and its 200-day moving average is C$107.32. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a market cap of C$102.19 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, July 28th will be paid a $0.228 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.19. This represents a $0.91 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.06%.

Insider Transactions at Canadian Pacific Kansas City

In related news, Senior Officer Nadeem Velani sold 60,000 shares of Canadian Pacific Kansas City stock in a transaction on Thursday, June 12th. The stock was sold at an average price of C$110.30, for a total transaction of C$6,618,006.00. Also, Senior Officer Keith E. Creel sold 170,227 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$110.59, for a total value of C$18,825,910.53. Insiders sold a total of 327,153 shares of company stock worth $36,292,042 over the last 90 days. 0.03% of the stock is owned by insiders.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.