Nadeem Velani Sells 3,200 Shares of Canadian Pacific Kansas City Limited (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer Nadeem Velani sold 3,200 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$109.11, for a total transaction of C$349,155.84.

Canadian Pacific Kansas City Stock Down 0.9 %

Shares of TSE:CP opened at C$108.19 on Friday. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a 52-week low of C$94.45 and a 52-week high of C$123.37. The firm has a market capitalization of C$100.91 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.32 and a beta of 0.77. The stock has a 50 day moving average price of C$109.44 and a 200-day moving average price of C$111.28.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.93 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.02). The firm had revenue of C$3.52 billion for the quarter, compared to analysts’ expectations of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 28.26% and a return on equity of 9.36%. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 4.1603293 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Sanford C. Bernstein increased their target price on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a report on Monday, April 15th. Barclays increased their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. Desjardins lifted their target price on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, ATB Capital increased their price target on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$120.63.

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.