Canadian Pacific Kansas City (TSE:CP) Shares Pass Above 200-Day Moving Average – Time to Sell?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

CP has been the topic of several research analyst reports. Royal Bank Of Canada reduced their price objective on 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. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from C$121.00 to C$114.00 in a research report on Tuesday, November 11th. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from C$88.00 to C$86.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Desjardins set a C$130.00 target price on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Thursday, January 29th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$119.57.

Canadian Pacific Kansas City Stock Performance

The firm’s 50 day simple moving average is C$106.64 and its 200-day simple moving average is C$104.33. The company has a market capitalization of C$106.30 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 2.32 and a beta of 0.88. The company has a debt-to-equity ratio of 50.54, a quick ratio of 0.42 and a current ratio of 0.49.

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

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Director Marc Parent bought 13,000 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were bought at an average price of C$102.00 per share, for a total transaction of C$1,326,000.00. Following the acquisition, the director directly owned 13,933 shares of the company’s stock, valued at approximately C$1,421,166. This trade represents a 1,393.35% increase in their ownership of the stock. Also, insider John Kenneth Brooks sold 14,845 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of C$103.53, for a total transaction of C$1,536,902.85. Company insiders own 0.03% of the company’s stock.

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.