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

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Scotiabank lowered their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a report on Thursday, January 30th. Royal Bank of Canada raised their target price on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Loop Capital cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 3rd. Sanford C. Bernstein cut their target price on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. Finally, UBS Group boosted their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$123.86.

Canadian Pacific Kansas City Trading Up 2.0 %

The stock has a market capitalization of C$105.33 billion, a PE ratio of 29.75, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The stock has a 50 day moving average price of C$109.76 and a 200-day moving average price of C$109.76.

Canadian Pacific Kansas City Dividend Announcement

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

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total value of C$1,664,359.45. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the 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. Insiders sold 88,994 shares of company stock valued at $9,572,099 in the last 90 days. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.