Canadian Pacific Kansas City (NYSE:CP) Stock Gets Price Target Trim from Citigroup

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target reduced by Citigroup from $109.00 to $102.00 in a research note released on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the transportation company’s stock.

A number of other research firms also recently weighed in on CP. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, June 25th. Weiss Ratings raised Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Evercore set a $99.00 price objective on Canadian Pacific Kansas City in a report on Thursday, July 30th. Zacks Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.10.

Canadian Pacific Kansas City Trading Up 0.2%

CP opened at $84.53 on Wednesday. The firm has a 50 day simple moving average of $90.02 and a 200 day simple moving average of $87.60. Canadian Pacific Kansas City has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The company has a market cap of $73.97 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.70 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a dividend of C$0.27 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 24.76%.

Institutional Trading of Canadian Pacific Kansas City

A number of large investors have recently made changes to their positions in CP. Fiduciary Financial Advisors bought a new position in Canadian Pacific Kansas City during the second quarter worth about $25,000. Jones Financial Companies Lllp acquired a new position in Canadian Pacific Kansas City in the second quarter valued at about $44,000. Western Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth about $50,000. Knuff & Co LLC bought a new stake in shares of Canadian Pacific Kansas City in the second quarter worth about $50,000. Finally, Chilton Capital Management LLC raised its position in shares of Canadian Pacific Kansas City by 192.3% during the second quarter. Chilton Capital Management LLC now owns 684 shares of the transportation company’s stock worth $59,000 after purchasing an additional 450 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.