Kansas City Southern (KSU) Raised to “Strong-Buy” at BidaskClub
BidaskClub upgraded shares of Kansas City Southern (NYSE:KSU) from a buy rating to a strong-buy rating in a research report report published on Friday morning.
A number of other equities research analysts also recently weighed in on KSU. Cowen and Company raised their price target on Kansas City Southern from $94.00 to $95.00 and gave the company a market perform rating in a research report on Monday, April 24th. Citigroup Inc. lowered their price target on Kansas City Southern from $103.00 to $99.00 and set a buy rating on the stock in a research report on Tuesday, April 25th. Stifel Nicolaus lowered their price target on Kansas City Southern from $101.00 to $96.00 and set a buy rating on the stock in a research report on Wednesday, April 26th. BMO Capital Markets restated a hold rating and set a $92.00 price target on shares of Kansas City Southern in a research report on Wednesday, May 24th. Finally, Credit Suisse Group restated a neutral rating and set a $90.00 price target (up previously from $87.00) on shares of Kansas City Southern in a research report on Sunday, May 28th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $103.33.
Kansas City Southern (KSU) opened at 105.80 on Friday. The firm has a market cap of $11.15 billion, a PE ratio of 21.29 and a beta of 0.80. Kansas City Southern has a one year low of $79.05 and a one year high of $109.13. The firm has a 50-day moving average price of $104.06 and a 200-day moving average price of $93.99.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The business had revenue of $656.40 million for the quarter, compared to the consensus estimate of $627.81 million. During the same quarter last year, the business posted $1.22 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities analysts expect that Kansas City Southern will post $5.21 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th will be issued a $0.36 dividend. The ex-dividend date is Friday, September 8th. This represents a $1.44 annualized dividend and a dividend yield of 1.36%. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. Kansas City Southern’s payout ratio is currently 26.51%.
Kansas City Southern announced that its board has initiated a stock buyback program on Tuesday, August 15th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In other Kansas City Southern news, Director Henry J. Maier bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $106.19 per share, with a total value of $318,570.00. Following the completion of the purchase, the director now directly owns 4,159 shares of the company’s stock, valued at $441,644.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.95% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of KSU. WFG Advisors LP boosted its stake in Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock valued at $112,000 after buying an additional 302 shares during the last quarter. Financial Architects Inc boosted its stake in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock valued at $131,000 after buying an additional 1,115 shares during the last quarter. QS Investors LLC boosted its stake in Kansas City Southern by 0.5% in the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock valued at $138,000 after buying an additional 7 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in Kansas City Southern during the second quarter valued at about $160,000. Finally, V Wealth Management LLC acquired a new stake in Kansas City Southern during the second quarter valued at about $169,000. 85.05% of the stock is currently owned by institutional investors.
About Kansas City Southern
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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