Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer John Kenneth Brooks Sells 21,700 Shares of Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59.

Canadian Pacific Kansas City Trading Up 0.8 %

TSE:CP opened at C$111.87 on Friday. The stock has a fifty day moving average price of C$110.14 and a two-hundred day moving average price of C$112.74. The stock has a market capitalization of C$104.39 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 2.32 and a beta of 0.78. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. Canadian Pacific Kansas City Limited has a 1 year low of C$94.45 and a 1 year high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. The business had revenue of C$3.60 billion during the quarter, compared to analysts’ expectations of C$3.55 billion. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 4.2741935 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, October 28th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

Wall Street Analyst Weigh In

CP has been the subject of several research analyst reports. Sanford C. Bernstein increased their price objective on Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Desjardins increased their price objective on Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$124.00 to C$130.00 in a report on Wednesday, July 10th. JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, ATB Capital upped their price target on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$123.87.

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.