Evercore Trims Canadian Pacific Kansas City (NYSE:CP) Target Price to $89.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target reduced by Evercore from $90.00 to $89.00 in a research report released on Thursday, BayStreet.CA reports. They currently have an outperform rating on the transportation company’s stock.

Other equities analysts also recently issued reports about the stock. StockNews.com raised shares of Canadian Pacific Kansas City from a sell rating to a hold rating in a research note on Wednesday, January 31st. Raymond James raised their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a buy rating and a $105.00 price target for the company. Bank of America reduced their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a buy rating on the stock in a research report on Thursday. Finally, Benchmark reissued a hold rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of Moderate Buy and an average target price of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock 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 business has a 50 day simple moving average of $87.04 and a two-hundred day simple moving average of $79.85. The stock 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 has a 12 month low of $68.92 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data 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 8.48%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. As a group, analysts predict that Canadian Pacific Kansas City will post 3.16 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 issued a $0.141 dividend. The ex-dividend date 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 presently 17.95%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. YCG LLC boosted its stake in shares of Canadian Pacific Kansas City by 32.5% in the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after purchasing an additional 91,276 shares during the period. SG Americas Securities LLC boosted its position in Canadian Pacific Kansas City by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after buying an additional 12,748 shares during the period. Element Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter worth $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Canadian Pacific Kansas City by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock worth $24,525,000 after acquiring an additional 14,557 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $5,392,000. 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.