Canadian Pacific Kansas City (TSE:CP) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$109.87 and traded as high as C$110.20. Canadian Pacific Kansas City shares last traded at C$107.32, with a volume of 2,349,262 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. ATB Capital upped their price objective on Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Stephens upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. Scotiabank dropped their price target on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research note on Thursday, January 30th. Finally, UBS Group increased their price target on Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of C$123.86.

Canadian Pacific Kansas City Stock Performance

The firm has a market capitalization of C$100.31 billion, a P/E ratio of 28.33, a P/E/G ratio of 2.32 and a beta of 0.79. The stock has a fifty day simple moving average of C$110.34 and a two-hundred day simple moving average of C$109.87. 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 firm 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 dividend on an annualized basis and a yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is currently 20.06%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Laird Joseph Pitz sold 18,710 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of C$116.16, for a total transaction of C$2,173,430.39. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of Canadian Pacific Kansas City 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 value of C$307,694.64. Over the last quarter, insiders sold 88,994 shares of company stock valued at $9,572,099. Company insiders own 0.03% of the company’s stock.

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.