Canadian Pacific Kansas City (TSE:CP) Hits New 12-Month Low – Here’s Why

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as C$101.76 and last traded at C$102.50, with a volume of 586650 shares. The stock had previously closed at C$104.72.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CP. Royal Bank of Canada increased their target price 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. ATB Capital raised their price objective on Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. 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 report on Friday, February 21st. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, February 3rd. Finally, CIBC decreased their price objective on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an “outperform” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$123.43.

Canadian Pacific Kansas City Stock Down 1.7 %

The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64. The business’s 50-day simple moving average is C$109.95 and its 200-day simple moving average is C$109.45. The company has a market capitalization of C$96.21 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.06%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer Laird Joseph Pitz sold 18,710 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of C$116.16, for a total value of C$2,173,430.39. 0.03% of the stock is owned by corporate 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.