Kansas City Southern (KSU) Earns Neutral Rating from Analysts at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) began coverage on shares of Kansas City Southern (NYSE:KSU) in a report published on Monday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $109.00 target price on the transportation company’s stock.
Several other equities research analysts have also weighed in on KSU. Cowen and Company upped their price objective on Kansas City Southern from $111.00 to $113.00 and gave the company a market perform rating in a research note on Monday, October 23rd. Credit Suisse Group upped their price objective on Kansas City Southern from $122.00 to $124.00 and gave the company an outperform rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded Kansas City Southern from a hold rating to a buy rating and set a $115.00 price objective on the stock in a research note on Friday, September 1st. Stifel Nicolaus reiterated a buy rating and issued a $118.00 price objective on shares of Kansas City Southern in a research note on Thursday, September 21st. Finally, BMO Capital Markets reiterated a hold rating and issued a $109.00 price objective on shares of Kansas City Southern in a research note on Monday, October 23rd. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Kansas City Southern has an average rating of Buy and a consensus target price of $113.06.
Kansas City Southern (NYSE KSU) traded up $0.60 during trading on Monday, reaching $102.77. The company’s stock had a trading volume of 31,626 shares, compared to its average volume of 1,251,537. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.69. The firm has a market cap of $10,794.37, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.54 and a beta of 0.84. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $109.13.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. The firm had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $651.95 million. Kansas City Southern had a return on equity of 11.86% and a net margin of 21.42%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 EPS. sell-side analysts expect that Kansas City Southern will post 5.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.40%. Kansas City Southern’s payout ratio is 28.29%.
Kansas City Southern declared that its Board of Directors has approved a share buyback plan on Tuesday, August 15th that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In other Kansas City Southern news, SVP Mary K. Stadler sold 4,451 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $105.87, for a total value of $471,227.37. Following the transaction, the senior vice president now directly owns 8,814 shares in the company, valued at approximately $933,138.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Antonio O. Garza sold 4,018 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $107.94, for a total value of $433,702.92. Following the completion of the transaction, the director now owns 4,920 shares in the company, valued at $531,064.80. The disclosure for this sale can be found here. Insiders sold a total of 16,442 shares of company stock worth $1,727,525 over the last quarter. Corporate insiders own 0.95% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. IHT Wealth Management LLC boosted its position in Kansas City Southern by 243.9% in the 2nd quarter. IHT Wealth Management LLC now owns 141 shares of the transportation company’s stock valued at $675,000 after buying an additional 100 shares during the last quarter. Howe & Rusling Inc. bought a new position in Kansas City Southern in the 3rd quarter valued at $130,000. QS Investors LLC boosted its position in Kansas City Southern by 0.5% in the 2nd 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 bought a new position in Kansas City Southern in the 2nd quarter valued at $160,000. Finally, V Wealth Management LLC bought a new position in Kansas City Southern in the 2nd quarter valued at $169,000. Hedge funds and other institutional investors own 85.74% of the company’s stock.
Kansas City Southern Company Profile
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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