Canadian Pacific Kansas City (TSE:CP) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP's share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$109.87 and traded as high as C$110.20. Canadian Pacific Kansas City shares last traded at C$107.32, with a volume of 2,349,262 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on CP shares. Wolfe Research raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their price objective 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. Stephens raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Loop Capital cut shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "strong sell" rating in a research note on Monday, February 3rd. Finally, ATB Capital lifted their price objective on shares of 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$123.86.

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Canadian Pacific Kansas City Stock Performance

The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The firm has a market capitalization of C$101.03 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 2.32 and a beta of 0.79. The firm's fifty day moving average is C$110.39 and its 200 day moving average is C$109.80.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City's dividend payout ratio is currently 20.06%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 51,727 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total value of C$5,426,615.01. Also, Senior Officer Laird Joseph Pitz sold 18,710 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of C$116.16, for a total transaction of C$2,173,430.39. Insiders sold 88,994 shares of company stock worth $9,572,099 over the last ninety days. 0.03% of the stock is currently owned by 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.