Canadian Pacific Kansas City (NYSE:CP) Research Coverage Started at Citizens Jmp

Citizens Jmp started coverage on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research report sent to investors on Wednesday, MarketBeat reports. The firm issued a market perform rating on the transportation company’s stock.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings upgraded Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, June 25th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Finally, ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.91.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $93.70 on Wednesday. The business’s fifty day simple moving average is $88.24 and its 200-day simple moving average is $82.77. The company has a market cap of $82.93 billion, a PE ratio of 28.92, a PEG ratio of 1.86 and a beta of 1.10. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $93.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business earned $1.06 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts expect that Canadian Pacific Kansas City will post 3.68 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be paid a $0.268 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 24.07%.

Institutional Trading of Canadian Pacific Kansas City

Several large investors have recently added to or reduced their stakes in CP. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $978,558,000. Janus Henderson Group PLC grew its holdings in Canadian Pacific Kansas City by 586.1% during the fourth quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock worth $452,781,000 after acquiring an additional 5,251,755 shares during the period. FIL Ltd raised its position in Canadian Pacific Kansas City by 20.2% during the fourth quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after acquiring an additional 2,804,686 shares in the last quarter. Bessemer Group Inc. raised its position in Canadian Pacific Kansas City by 5,826.3% during the first quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company’s stock valued at $199,605,000 after acquiring an additional 2,502,104 shares in the last quarter. Finally, Canoe Financial LP lifted its holdings in Canadian Pacific Kansas City by 45,389.7% in the first quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock valued at $159,885,000 after acquiring an additional 2,028,010 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.