Canadian Pacific Kansas City Limited (NYSE:CP) Given Average Rating of “Hold” by Analysts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $92.88.

Several research firms have recently weighed in on CP. Stifel Nicolaus lifted their price objective on 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. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Susquehanna Bancshares lowered Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $87.00 in a research report on Monday, January 8th.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently added to or reduced their stakes in CP. Carolinas Wealth Consulting LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter valued at about $25,000. Stonebridge Capital Advisors LLC boosted its stake in Canadian Pacific Kansas City by 750.0% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $29,000. Sands Capital Management LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $31,000. Finally, AdvisorNet Financial Inc boosted its stake in Canadian Pacific Kansas City by 452.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 425 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.3 %

Shares of NYSE:CP opened at $88.17 on Monday. The firm has a market cap of $82.21 billion, a P/E ratio of 28.08, a P/E/G ratio of 2.67 and a beta of 0.94. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58. The business has a fifty day simple moving average of $85.37 and a 200 day simple moving average of $78.34.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a yield of 0.64%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 17.83%.

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.