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

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

Several other equities analysts have also recently commented on the stock. National Bank Financial increased their price target on shares of Canadian Pacific Kansas City from C$125.00 to C$132.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Barclays upped their price objective on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a research note on Friday, June 26th. JPMorgan Chase & Co. increased their target price on Canadian Pacific Kansas City from C$120.00 to C$133.00 in a report on Thursday, April 30th. BMO Capital Markets lifted their target price on 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. Finally, Sanford C. Bernstein lifted their target price on Canadian Pacific Kansas City from C$117.00 to C$125.00 in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$130.43.

Insider Buying and Selling

In related news, insider Cassandra P. Quach sold 4,015 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were 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 the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of C$125.00, for a total transaction of C$711,250.00. In the last 90 days, insiders sold 99,515 shares of company stock worth $12,279,066. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Price Performance

The company has a debt-to-equity ratio of 52.35, a current ratio of 0.67 and a quick ratio of 0.42. The company has a fifty day moving average price of C$123.39 and a 200 day moving average price of C$114.39. The company has a market capitalization of C$116.60 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 2.32 and a beta of 1.28.

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 (EPS) for the quarter. The business had revenue of C$3.70 billion during the quarter. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 27.03%. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 4.3438583 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 27th will be paid a $0.268 dividend. 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 yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 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.