Canadian Pacific Kansas City (TSE:CP) Share Price Passes Above 200 Day Moving Average - What's Next?

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP's share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CP. Desjardins lifted their target price 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. UBS Group boosted their price objective on Canadian Pacific Kansas City from C$127.00 to C$129.00 in a research note on Thursday, January 30th. Royal Bank of Canada increased their target price on Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Loop Capital lowered Canadian Pacific Kansas City from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, February 3rd. Finally, Stephens upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$123.86.

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Canadian Pacific Kansas City Trading Up 2.5 %

The firm has a market cap of C$102.98 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The business's 50 day moving average price is C$109.90 and its 200-day moving average price is C$109.77. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City's payout ratio is 20.06%.

Insiders Place Their Bets

In other news, Senior Officer Keith E. Creel sold 51,727 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of C$106.10, for a total transaction of C$307,694.64. Over the last three months, insiders have sold 88,994 shares of company stock valued at $9,572,099. Company insiders own 0.03% of the company's stock.

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.