Canadian Pacific Kansas City (NYSE:CP) Lowered to Sell Rating by Wall Street Zen

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

A number of other equities analysts also recently weighed in on the stock. Evercore cut their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Sanford C. Bernstein boosted their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Barclays set a $99.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada cut their price target on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.89.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $85.10 on Friday. The company’s 50-day moving average is $82.24 and its 200 day moving average is $77.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The company has a market capitalization of $75.55 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. Canadian Pacific Kansas City has a fifty-two week low of $68.42 and a fifty-two week high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results 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). The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.Canadian Pacific Kansas City’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is currently 24.07%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its holdings in Canadian Pacific Kansas City by 14.8% during the first quarter. Quantinno Capital Management LP now owns 139,624 shares of the transportation company’s stock valued at $10,975,000 after purchasing an additional 18,028 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter valued at about $236,000. Lombard Odier Asset Management Europe Ltd lifted its holdings in Canadian Pacific Kansas City by 73.5% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 87,754 shares of the transportation company’s stock valued at $6,903,000 after purchasing an additional 37,170 shares during the last quarter. Dempze Nancy E lifted its holdings in Canadian Pacific Kansas City by 17.7% during the first quarter. Dempze Nancy E now owns 7,466 shares of the transportation company’s stock valued at $587,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Entropy Technologies LP lifted its holdings in Canadian Pacific Kansas City by 160.8% during the first quarter. Entropy Technologies LP now owns 44,997 shares of the transportation company’s stock valued at $3,539,000 after purchasing an additional 27,742 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.