Canadian Pacific Kansas City (NYSE:CP) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

CP has been the topic of a number of other reports. Credit Suisse Group increased their price target on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a neutral rating in a research report on Wednesday, August 9th. JPMorgan Chase & Co. dropped their target price on shares of Canadian Pacific Kansas City from $125.00 to $122.00 and set an overweight rating on the stock in a report on Wednesday, October 11th. Barclays dropped their target price on shares of Canadian Pacific Kansas City from $89.00 to $84.00 in a report on Wednesday, October 4th. Stephens dropped their target price on shares of Canadian Pacific Kansas City from $79.00 to $78.00 and set an equal weight rating on the stock in a report on Friday, October 27th. Finally, Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $93.00 to $90.00 and set a positive rating on the stock in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of Moderate Buy and a consensus target price of $98.22.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $71.51 on Friday. The company has a 50 day moving average price of $73.36 and a two-hundred day moving average price of $77.45. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 0.52. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $85.40. The stock has a market capitalization of $66.63 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.80 and a beta of 1.04.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Canadian Pacific Kansas City had a net margin of 37.10% and a return on equity of 8.45%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. As a group, equities analysts predict that Canadian Pacific Kansas City will post 2.8 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.1384 per share. This represents a $0.55 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 16.52%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently modified their holdings of CP. Cetera Investment Advisers raised its position in Canadian Pacific Kansas City by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock valued at $1,389,000 after buying an additional 559 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Canadian Pacific Kansas City by 69.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after buying an additional 2,263 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Canadian Pacific Kansas City by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after purchasing an additional 695,215 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Canadian Pacific Kansas City by 5.1% during the 1st quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after purchasing an additional 2,417 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Canadian Pacific Kansas City by 116.4% during the 1st quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock valued at $1,178,000 after purchasing an additional 7,678 shares during the last quarter. 67.93% of the stock is currently owned by institutional investors.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.