Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer James Dominic Luther Clements Sells 15,657 Shares

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) Senior Officer James Dominic Luther Clements sold 15,657 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total transaction of C$1,664,359.45.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down C$2.53 during mid-day trading on Thursday, reaching C$102.90. The stock had a trading volume of 515,988 shares, compared to its average volume of 1,327,494. The company has a market cap of C$96.02 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City Limited has a 12-month low of C$101.76 and a 12-month high of C$123.37. The business has a 50-day simple moving average of C$107.76 and a 200 day simple moving average of C$109.67.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is currently 20.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays raised their target price 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. National Bankshares increased 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 report on Thursday, October 24th. JPMorgan Chase & Co. lifted 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 report on Tuesday, October 8th. Susquehanna raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price target on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$121.43.

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.