Canadian Pacific Kansas City (NYSE:CP) Stock Price Down 3.9%

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) traded down 3.9% during mid-day trading on Wednesday . The company traded as low as $83.53 and last traded at $84.34. 991,825 shares were traded during trading, a decline of 51% from the average session volume of 2,036,416 shares. The stock had previously closed at $87.72.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $90.00 to $87.00 in a research note on Monday, January 8th. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America upped their price target on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 price target for the company. Finally, StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $97.22.

Canadian Pacific Kansas City Stock Performance

The business’s fifty day moving average is $87.24 and its two-hundred day moving average is $79.71. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $77.12 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be paid a $0.1415 dividend. This represents a $0.57 annualized dividend and a yield of 0.68%. The ex-dividend date is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 17.83%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of large investors have recently modified their holdings of the business. Sands Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $31,000. AdvisorNet Financial Inc increased its position in Canadian Pacific Kansas City by 452.1% during the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock worth $39,000 after buying an additional 425 shares during the period. Anchor Investment Management LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $40,000. Independence Bank of Kentucky acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $43,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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