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

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer Laird Joseph Pitz sold 18,710 shares of the firm’s 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 Trading Up 1.3 %

Shares of CP opened at C$110.28 on Wednesday. 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’s 50 day simple moving average is C$107.89. The company has a market capitalization of C$102.90 billion, a PE ratio of 29.57, a PEG ratio of 2.32 and a beta of 0.79. 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 Dividend Announcement

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 issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.38%.

Analyst Ratings Changes

Several brokerages recently issued reports on CP. Citigroup set a C$97.00 target price on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Wednesday, October 9th. Desjardins raised 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 research note on Thursday, January 30th. Sanford C. Bernstein cut their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada raised 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 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Buy” and a consensus price target 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.