Canadian Pacific Kansas City Limited (NYSE:CP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned an average rating of “Moderate Buy” from the twenty-two analysts that are presently covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $97.22.

Several equities analysts have issued reports on CP shares. Bank of America boosted their target price on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Raymond James raised their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Finally, Barclays raised their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Large investors have recently added to or reduced their stakes in the business. Sands Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $31,000. AdvisorNet Financial Inc grew its position in Canadian Pacific Kansas City by 452.1% during the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 425 shares during the period. Anchor Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $40,000. Independence Bank of Kentucky purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth about $43,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $45,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $87.72 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market cap of $81.81 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94. The firm’s fifty day moving average price is $87.24 and its 200 day moving average price is $79.71. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its 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. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. On average, sell-side analysts expect that Canadian Pacific Kansas City will post 3.21 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a $0.1415 dividend. The ex-dividend date is Wednesday, March 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 0.65%. 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.