Canadian Pacific Kansas City (NYSE:CP) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a hold rating to a sell rating in a research note issued to investors on Sunday morning.

CP has been the topic of a number of other reports. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Evercore lowered their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Citigroup cut their target price on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Trading Up 0.1%

CP opened at $83.85 on Friday. The firm’s fifty day moving average is $75.18 and its two-hundred day moving average is $74.51. The firm has a market cap of $75.27 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. Canadian Pacific Kansas City has a twelve month low of $66.49 and a twelve month high of $85.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is 20.43%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC increased its stake in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after buying an additional 2,940 shares during the period. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $206,000. Yousif Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City by 8.2% in the 2nd quarter. Yousif Capital Management LLC now owns 12,044 shares of the transportation company’s stock worth $955,000 after purchasing an additional 910 shares during the period. Finally, Harbour Investments Inc. boosted its stake in shares of Canadian Pacific Kansas City by 139.4% in the 2nd quarter. Harbour Investments Inc. now owns 2,212 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 1,288 shares during the last quarter. 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.