Shares of Kansas City Southern (NYSE:KSU) have received a consensus rating of “Buy” from the eighteen ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $141.69.
A number of analysts recently commented on the stock. Wells Fargo & Co assumed coverage on shares of Kansas City Southern in a research note on Monday, October 28th. They issued a “market perform” rating and a $73.00 target price for the company. Deutsche Bank reaffirmed a “buy” rating and set a $165.00 price target on shares of Kansas City Southern in a research report on Monday, October 21st. They noted that the move was a valuation call. Cowen lifted their price objective on shares of Kansas City Southern from $136.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Barclays set a $140.00 price objective on shares of Kansas City Southern and gave the company a “hold” rating in a report on Friday, October 18th. Finally, Loop Capital increased their target price on shares of Kansas City Southern to $160.00 and gave the stock a “buy” rating in a research report on Monday, October 21st.
Shares of KSU stock traded down $2.48 during mid-day trading on Tuesday, hitting $149.29. The company had a trading volume of 21,290 shares, compared to its average volume of 855,392. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.78 and a quick ratio of 0.58. The stock’s 50 day moving average price is $148.15 and its 200-day moving average price is $129.41. Kansas City Southern has a 52-week low of $90.55 and a 52-week high of $156.98. The company has a market capitalization of $15.11 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.46 and a beta of 0.99.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, October 18th. The transportation company reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.15. Kansas City Southern had a net margin of 20.23% and a return on equity of 13.03%. The company had revenue of $747.70 million during the quarter, compared to analysts’ expectations of $734.39 million. During the same period last year, the company posted $1.57 earnings per share. Kansas City Southern’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect that Kansas City Southern will post 6.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Tuesday, December 31st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, December 30th. Kansas City Southern’s dividend payout ratio is currently 24.12%.
In related news, EVP Warren K. Erdman sold 6,840 shares of Kansas City Southern stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $127.39, for a total transaction of $871,347.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Suzanne M. Grafton sold 806 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $155.64, for a total transaction of $125,445.84. Following the sale, the chief accounting officer now directly owns 9,791 shares in the company, valued at $1,523,871.24. The disclosure for this sale can be found here. Insiders sold a total of 18,318 shares of company stock valued at $2,645,128 over the last quarter. 0.82% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of KSU. Boston Partners increased its holdings in Kansas City Southern by 98.9% in the second quarter. Boston Partners now owns 5,008,266 shares of the transportation company’s stock worth $610,100,000 after purchasing an additional 2,490,256 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Kansas City Southern by 2,195.1% in the second quarter. Nuveen Asset Management LLC now owns 646,555 shares of the transportation company’s stock worth $78,763,000 after buying an additional 618,384 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Kansas City Southern by 63.8% during the 2nd quarter. Invesco Ltd. now owns 1,124,111 shares of the transportation company’s stock valued at $136,938,000 after purchasing an additional 437,666 shares during the last quarter. Scout Investments Inc. purchased a new position in shares of Kansas City Southern in the third quarter worth about $41,500,000. Finally, State of Tennessee Treasury Department lifted its position in Kansas City Southern by 1,256.6% in the third quarter. State of Tennessee Treasury Department now owns 314,448 shares of the transportation company’s stock valued at $41,825,000 after purchasing an additional 291,269 shares during the last quarter. Institutional investors own 88.23% of the company’s stock.
About Kansas City Southern
Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.
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