Canadian Pacific Kansas City (TSE:CP) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$109.75 and traded as high as C$112.72. Canadian Pacific Kansas City shares last traded at C$112.69, with a volume of 2,835,777 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Royal Bank of Canada raised their price target on Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Sanford C. Bernstein lowered their price target on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. Loop Capital lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 3rd. ATB Capital lifted their target price on Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Scotiabank lowered their target price on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of C$123.86.

Canadian Pacific Kansas City Stock Performance

The firm’s fifty day simple moving average is C$109.76 and its 200 day simple moving average is C$109.75. The company has a market capitalization of C$105.33 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42.

Canadian Pacific Kansas City Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is 20.06%.

Insiders Place Their Bets

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$307,694.64. Also, Senior Officer Keith E. Creel sold 51,727 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Insiders sold a total of 88,994 shares of company stock worth $9,572,099 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.