Canadian Pacific Kansas City’s (CP) Hold Rating Reaffirmed at Benchmark

Benchmark reaffirmed their hold rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research report released on Thursday, Benzinga reports.

CP has been the topic of several other reports. Raymond James upped their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an outperform rating in a research report on Monday. Jefferies Financial Group initiated coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a buy rating and a $105.00 target price on the stock. Scotiabank reissued a sector perform rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a positive rating to a neutral rating and decreased their target price for the company from $90.00 to $87.00 in a research note on Monday, January 8th. Finally, Stifel Nicolaus increased their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a hold rating in a research note on Friday, April 12th. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $96.42.

Canadian Pacific Kansas City Stock Performance

CP stock traded down $0.13 during trading on Thursday, reaching $81.96. 636,966 shares of the company’s stock were exchanged, compared to its average volume of 2,099,426. 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 1-year low of $68.92 and a 1-year high of $91.58. The company’s fifty day moving average price is $87.11 and its 200-day moving average price is $79.74. The firm has a market cap of $76.44 billion, a PE ratio of 26.31, a P/E/G ratio of 2.10 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS 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 company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. On average, research analysts expect that Canadian Pacific Kansas City will post 3.2 EPS 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 given a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. bought a new stake in shares of Canadian Pacific Kansas City during the first quarter worth approximately $1,440,000. Bogart Wealth LLC boosted its holdings in shares of Canadian Pacific Kansas City by 17,083.0% during the first quarter. Bogart Wealth LLC now owns 9,107 shares of the transportation company’s stock worth $803,000 after acquiring an additional 9,054 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Canadian Pacific Kansas City by 1.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 313,451 shares of the transportation company’s stock valued at $27,663,000 after purchasing an additional 4,992 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Canadian Pacific Kansas City by 8.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,378 shares of the transportation company’s stock valued at $1,885,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Leavell Investment Management Inc. increased its stake in shares of Canadian Pacific Kansas City by 253.1% in the 1st quarter. Leavell Investment Management Inc. now owns 11,231 shares of the transportation company’s stock valued at $992,000 after purchasing an additional 8,050 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.