Canadian Pacific Kansas City (TSE:CP) Share Price Passes Above 50 Day Moving Average – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$121.53 and traded as high as C$126.32. Canadian Pacific Kansas City shares last traded at C$126.10, with a volume of 925,929 shares trading hands.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD boosted their price objective on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a “hold” rating in a report on Monday, April 13th. ATB Cormark Capital Markets raised their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$130.00 and gave the stock a “moderate buy” rating in a report on Friday, April 17th. BMO Capital Markets lifted their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$142.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Sanford C. Bernstein boosted their price target on shares of Canadian Pacific Kansas City from C$117.00 to C$125.00 in a report on Tuesday, March 31st. Finally, Scotiabank upped their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$122.00 and gave the company a “hold” rating in a research report on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of C$125.86.

Canadian Pacific Kansas City Trading Up 0.8%

The company has a market cap of C$111.94 billion, a PE ratio of 28.15, a PEG ratio of 2.32 and a beta of 1.28. The company has a debt-to-equity ratio of 52.35, a quick ratio of 0.42 and a current ratio of 0.67. The company has a 50 day simple moving average of C$121.53 and a two-hundred day simple moving average of C$112.98.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$1.04 earnings per share for the quarter. Canadian Pacific Kansas City had a net margin of 27.03% and a return on equity of 8.78%. The firm had revenue of C$3.70 billion for the quarter. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 27th will be issued a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is 20.36%.

Insider Transactions at Canadian Pacific Kansas City

In other news, insider Cassandra P. Quach sold 4,015 shares of Canadian Pacific Kansas City stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$124.82, for a total transaction of C$501,152.30. Also, insider Maeghan Dawn Albiston sold 5,690 shares of Canadian Pacific Kansas City stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of C$125.00, for a total value of C$711,250.00. Over the last ninety days, insiders have sold 99,515 shares of company stock valued at $12,279,066. Corporate 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.