Canadian Pacific Kansas City (TSE:CP) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP's stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$110.92 and traded as low as C$107.20. Canadian Pacific Kansas City shares last traded at C$108.61, with a volume of 748,436 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CP shares. JPMorgan Chase & Co. boosted their price objective on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Barclays increased their price objective on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Citigroup set a C$97.00 target price on shares of Canadian Pacific Kansas City and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$121.43.

Canadian Pacific Kansas City Stock Up 1.1 %

The firm has a market cap of C$102.42 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a 50-day simple moving average of C$112.44 and a 200-day simple moving average of C$110.92. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, December 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City's payout ratio is 20.38%.

Insiders Place Their Bets

In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the firm's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the 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 transaction of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. 0.03% of the stock is currently owned by company 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.