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

Shares of Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) passed 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 trading hands.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent research reports. Desjardins lifted their price target on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada lifted their price target on shares of Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. Finally, UBS Group lifted their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$123.86.

Canadian Pacific Kansas City Stock Performance

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’s 50 day moving average price is C$109.76 and its two-hundred day moving average price is C$109.75. The firm 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.

Canadian Pacific Kansas City Announces Dividend

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

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was 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 firm’s stock in a transaction 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 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

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.