Canadian Pacific Kansas City Limited (NYSE:CP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given 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 $104.30.

Several analysts have recently commented on CP shares. Citigroup increased their price objective on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce boosted their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Evercore set a $91.00 target price on Canadian Pacific Kansas City and gave the company an “outperform” rating in a research report on Thursday, June 25th. ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Finally, Sanford C. Bernstein raised their price target on 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.

Institutional Trading of Canadian Pacific Kansas City

Several large investors have recently bought and sold shares of CP. Prosperity Bancshares Inc acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $31,000. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.1%

NYSE CP opened at $87.91 on Friday. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $91.52. The company has a 50 day moving average price of $87.29 and a 200 day moving average price of $81.62. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market cap of $77.80 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business earned $1.06 earnings per share. Canadian Pacific Kansas City’s revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Canadian Pacific Kansas City will post 3.75 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is 24.07%.

Canadian Pacific Kansas City Company Profile

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.