Canadian Pacific Kansas City (TSE:CP) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research note on Friday, February 21st. Scotiabank decreased their target price on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research report on Thursday, January 30th. Loop Capital cut Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, February 3rd. Desjardins upped their price target on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from C$124.00 to C$128.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$123.86.

Canadian Pacific Kansas City Trading Up 1.1 %

The stock has a market cap of C$99.56 billion, a PE ratio of 28.12, a PEG ratio of 2.32 and a beta of 0.79. The stock’s fifty day moving average price is C$110.41 and its 200 day moving average price is C$109.82. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64.

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 issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is 20.06%.

Insider Activity

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$106.10, for a total value of C$307,694.64. Also, Senior Officer Laird Joseph Pitz sold 18,710 shares of the business’s stock in a transaction 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 have sold a total of 88,994 shares of company stock valued at $9,572,099 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.