Canadian Pacific Kansas City (NYSE:CP) Receives “Sector Perform” Rating from Scotiabank

Scotiabank reissued their sector perform rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research report sent to investors on Monday morning, Marketbeat.com reports.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Canadian Pacific Kansas City from a buy rating to a hold rating and reduced their price target for the company from $85.00 to $77.00 in a research report on Monday, November 27th. JPMorgan Chase & Co. reduced their price target on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an overweight rating for the company in a research report on Thursday, December 21st. TD Securities downgraded shares of Canadian Pacific Kansas City from a buy rating to a hold rating in a research report on Monday, January 8th. Stifel Nicolaus lifted their target price on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the stock a hold rating in a research report on Wednesday, January 31st. Finally, Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $89.00 to $90.00 and gave the stock a buy rating in a research report on Wednesday, December 13th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of Hold and an average target price of $92.88.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $88.17 on Monday. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a 50 day simple moving average of $85.15 and a two-hundred day simple moving average of $78.27. The company has a market capitalization of $82.21 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 2.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. Analysts expect that Canadian Pacific Kansas City will post 3.22 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. This represents a $0.57 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Wednesday, March 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.15%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CP. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth $1,136,503,000. TD Asset Management Inc lifted its stake in shares of Canadian Pacific Kansas City by 47.7% during the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after buying an additional 6,835,271 shares in the last quarter. WCM Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 21.8% during the 3rd quarter. WCM Investment Management LLC now owns 38,100,632 shares of the transportation company’s stock valued at $2,835,068,000 after buying an additional 6,819,305 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Canadian Pacific Kansas City by 1,151.2% during the 1st quarter. Wellington Management Group LLP now owns 7,157,741 shares of the transportation company’s stock valued at $591,239,000 after buying an additional 6,585,655 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $481,016,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.