Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $82.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective reduced by Stifel Nicolaus from $83.00 to $82.00 in a report released on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the company. Susquehanna lowered their price objective on Canadian Pacific Kansas City from $84.00 to $80.00 and set a neutral rating on the stock in a research report on Thursday. Evercore ISI cut their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating for the company in a report on Thursday. 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. Evercore cut their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating for the company in a research note on Thursday. Finally, Scotiabank reissued a sector perform rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $96.42.

Canadian Pacific Kansas City Stock Down 0.5 %

NYSE:CP opened at $81.68 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.46. The company’s fifty day moving average price is $87.04 and its 200-day moving average price is $79.85. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58. The firm has a market capitalization of $76.18 billion, a P/E ratio of 26.18, a PEG ratio of 2.11 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. As a group, equities research analysts anticipate that Canadian Pacific Kansas City will post 3.16 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders 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 (DPR) is 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $979,890,000. TD Asset Management Inc raised its holdings 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 worth $1,682,256,000 after acquiring an additional 6,835,271 shares during the period. Legal & General Group Plc acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $481,016,000. Sustainable Growth Advisers LP grew its holdings in shares of Canadian Pacific Kansas City by 151.4% in the third quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock valued at $583,917,000 after purchasing an additional 4,726,098 shares during the period. Finally, Causeway Capital Management LLC acquired a new stake in Canadian Pacific Kansas City during the third quarter worth about $305,505,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.