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

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) reached a new 52-week high during mid-day trading on Thursday after Scotiabank raised their price target on the stock from C$122.00 to C$143.00. The stock traded as high as C$130.98 and last traded at C$130.30, with a volume of 405987 shares trading hands. The stock had previously closed at C$127.09.

Other equities analysts also recently issued reports about the company. TD lifted their target price on Canadian Pacific Kansas City from C$117.00 to C$128.00 in a research report on Friday, July 10th. ATB Cormark Capital Markets increased their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$137.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. increased their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$133.00 in a research report on Thursday, April 30th. BMO Capital Markets raised their price objective on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Royal Bank Of Canada lifted their price objective on shares of Canadian Pacific Kansas City from C$127.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$130.43.

Insider Transactions at Canadian Pacific Kansas City

In related news, Director Katharine Berghuis Stevenson bought 1,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of C$118.37 per share, with a total value of C$118,370.00. Following the purchase, the director directly owned 3,000 shares of the company’s stock, valued at C$355,110. This trade represents a 50.00% increase in their position. Also, insider Cassandra P. Quach sold 4,015 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$124.82, for a total value of C$501,152.30. Insiders sold a total of 99,515 shares of company stock valued at $12,279,066 in the last 90 days. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

The firm has a market capitalization of C$115.81 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 2.32 and a beta of 1.28. 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 50-day moving average price of C$123.12 and a 200 day moving average price of C$114.27.

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

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 27th will be issued a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.36%.

Canadian Pacific Kansas City Company Profile

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.