Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer Sells C$2,173,430.39 in Stock

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP Senior Officer Laird Joseph Pitz sold 18,710 shares of the company's 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 value of C$2,173,430.39.

Canadian Pacific Kansas City Stock Performance

CP traded up C$0.14 on Thursday, hitting C$112.01. 1,554,951 shares of the company traded hands, compared to its average volume of 1,515,240. The company has a 50 day moving average of C$108.09 and a 200-day moving average of C$109.93. Canadian Pacific Kansas City Limited has a 12-month low of C$101.76 and a 12-month high of C$123.37. The stock has a market capitalization of C$104.52 billion, a PE ratio of 30.03, a PEG ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.68%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.38%.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of research reports. 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 research note on Thursday, January 30th. Scotiabank reduced their price objective on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. ATB Capital raised their target price 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. UBS Group lifted their price target on Canadian Pacific Kansas City from C$127.00 to C$129.00 in a report on Thursday, January 30th. Finally, Desjardins upped their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Buy" and a consensus target price of C$124.07.

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.