Canadian Pacific Kansas City (TSE:CP) Share Price Crosses Below Two Hundred Day Moving Average of $112.86
Canadian Pacific Kansas City (TSE:CP) stock price crosses below the 200-day moving average of $112.86. Analyst ratings suggest a "Moderate Buy" with a consensus price target of C$123.87. The company announced a quarterly dividend of $0.19 per share. Insiders have sold 127,550 shares worth $13,628,985. Canadian Pacific Kansas City is a transcontinental freight railway company.
Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$112.86 and traded as low as C$105.66. Canadian Pacific Kansas City shares last traded at C$106.14, with a volume of 1,043,399 shares trading hands.
Analyst Ratings Changes
A number of brokerages recently commented on CP. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the company a "sector perform" rating in a research note on Thursday, June 27th. TD Securities upped their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a "hold" rating in a research note on Wednesday, July 31st. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus price target of C$123.87.
Read Our Latest Analysis on CP
Canadian Pacific Kansas City Stock Down 0.7 %
The firm has a fifty day moving average price of C$109.37 and a 200 day moving average price of C$112.86. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 51.94. The company has a market cap of C$99.00 billion, a P/E ratio of 26.21, a PEG ratio of 2.32 and a beta of 0.77.
Canadian Pacific Kansas City Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City's payout ratio is presently 18.77%.
Insider Transactions at Canadian Pacific Kansas City
In related news, Director Isabelle Courville sold 4,500 shares of the firm's stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$110.80, for a total value of C$498,600.00. In related news, Director Isabelle Courville sold 4,500 shares of the firm's stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$110.80, for a total value of C$498,600.00. Also, Senior Officer Keith E. Creel sold 59,925 shares of the firm's stock in a transaction dated Monday, June 10th. The shares were sold at an average price of C$105.26, for a total value of C$6,307,717.49. Over the last quarter, insiders have sold 127,550 shares of company stock worth $13,628,985. Insiders own 0.03% of the company's stock.
About Canadian Pacific Kansas City
(Get Free Report)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.
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