Canadian Pacific Kansas City (NYSE:CP) Given New $80.00 Price Target at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target reduced by Susquehanna from $84.00 to $80.00 in a research note released on Thursday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

CP has been the topic of a number of other research reports. Bank of America lifted their price target on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. TD Securities lowered shares of Canadian Pacific Kansas City from a buy rating to a hold rating in a report on Monday, January 8th. Susquehanna Bancshares downgraded shares of Canadian Pacific Kansas City from a positive rating to a neutral rating and reduced their price target for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Stifel Nicolaus upped their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a hold rating in a report on Friday, April 12th. Finally, Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They set a buy rating and a $105.00 price target for the company. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $96.42.

Canadian Pacific Kansas City Trading Up 0.2 %

Shares of CP stock opened at $82.09 on Thursday. The stock has a 50-day simple moving average of $87.11 and a 200 day simple moving average of $79.74. The stock has a market capitalization of $76.56 billion, a P/E ratio of 26.31, a P/E/G ratio of 2.10 and a beta of 0.94. 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 quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.57%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. On average, sell-side analysts expect that Canadian Pacific Kansas City will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently bought and sold shares of the company. Sands Capital Management LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter valued at $31,000. 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 bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at about $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $45,000. Finally, Rational Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $52,000. 72.20% of the stock is currently owned by institutional investors.

About Canadian Pacific Kansas City

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.