Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer Laird Joseph Pitz Sells 18,710 Shares

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer Laird Joseph Pitz sold 18,710 shares of the stock in a transaction dated 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.

Canadian Pacific Kansas City Stock Performance

CP stock opened at C$108.90 on Tuesday. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42. The company has a market capitalization of C$101.62 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City Limited has a 1 year low of C$101.76 and a 1 year high of C$123.37. The company has a fifty day moving average of C$107.86.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 0.70%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada increased 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. JPMorgan Chase & Co. lifted their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Stephens upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. National Bankshares raised their price target on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Finally, Citigroup set a C$97.00 price target on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Buy” and an average price target of C$124.07.

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.