Canadian Pacific Kansas City Limited (NYSE:CP) Stock Has Average Price Target of $112.00

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned an average rating of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $112.58.

Several brokerages have recently weighed in on CP. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 29th. Evercore restated an “outperform” rating and set a $96.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, October 29th. Weiss Ratings cut Canadian Pacific Kansas City from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. Susquehanna increased their price objective on shares of Canadian Pacific Kansas City from $98.00 to $105.00 and gave the company a “positive” rating in a report on Tuesday. Finally, Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th.

Canadian Pacific Kansas City Stock Down 1.8%

Canadian Pacific Kansas City stock opened at $92.06 on Friday. The firm has a market capitalization of $80.05 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06. The stock’s fifty day moving average is $88.52 and its two-hundred day moving average is $86.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.44 and a current ratio of 0.52. Canadian Pacific Kansas City has a fifty-two week low of $68.50 and a fifty-two week high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 28th. The transportation company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.03). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.96 billion. Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.27%. Canadian Pacific Kansas City’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. Analysts predict that Canadian Pacific Kansas City will post 3.67 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 25th. Shareholders of record on Thursday, December 31st will be issued a dividend of C$0.27 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.68%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Canadian Pacific Kansas City in the second quarter worth $802,983,000. The Manufacturers Life Insurance Company bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $657,672,000. Legal & General Group Plc acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $604,797,000. Jupiter Topco LLC bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $576,687,000. Finally, Canada Pension Plan Investment Board bought a new stake in Canadian Pacific Kansas City in the second quarter valued at about $542,469,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP), known as CPKC, operates a transcontinental freight railway. Its network connects Canada, the United States and Mexico, providing rail transportation and related logistics services for businesses across North America.

CPKC carries a range of goods, including grain and other agricultural products, intermodal freight, automotive shipments, energy products, chemicals, forest products and industrial materials. Its services include rail freight transportation, intermodal shipping and logistics solutions.

The company was formed in April 2023 through the combination of Canadian Pacific Railway and Kansas City Southern.