Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $82.00 at Stifel Nicolaus

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective cut by Stifel Nicolaus from $83.00 to $82.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the transportation company’s stock.

CP has been the subject of a number of other research reports. Bank of America lowered their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a buy rating for the company in a research note on Thursday. Raymond James increased their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an outperform rating in a report on Monday. TD Securities lowered shares of Canadian Pacific Kansas City from a buy rating to a hold rating in a report on Monday, January 8th. Evercore cut their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating on the stock in a report on Thursday. Finally, Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a neutral rating on the stock in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $96.42.

Canadian Pacific Kansas City Price Performance

NYSE CP traded down $0.08 during trading hours on Thursday, reaching $82.01. The company’s stock had a trading volume of 991,236 shares, compared to its average volume of 2,103,371. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market cap of $76.48 billion, a PE ratio of 26.31, a PEG ratio of 2.10 and a beta of 0.94. The company’s 50-day moving average is $87.11 and its two-hundred day moving average is $79.74. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. Analysts forecast that Canadian Pacific Kansas City will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 17.95%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several large investors have recently modified their holdings of CP. Vanguard Group Inc. lifted its holdings in Canadian Pacific Kansas City by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock valued at $2,714,750,000 after purchasing an additional 585,049 shares during the last quarter. FMR LLC increased its holdings in Canadian Pacific Kansas City by 1.8% during the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after purchasing an additional 553,163 shares in the last quarter. TD Asset Management Inc raised its position in Canadian Pacific Kansas City by 47.7% in the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Canadian Pacific Kansas City by 5.9% in the fourth quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock worth $1,122,370,000 after purchasing an additional 787,608 shares in the last quarter. Finally, Veritas Asset Management LLP grew its holdings in shares of Canadian Pacific Kansas City by 1.8% during the fourth quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock worth $1,062,148,000 after purchasing an additional 243,210 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Company Profile

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.