Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Target Price at $108.60

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $108.60.

Several research analysts have issued reports on the stock. Citigroup increased their target price on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fiduciary Financial Advisors purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth $25,000. Prosperity Bancshares Inc bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $26,000. Gilpin Wealth Management LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $29,000. McMillan Office Inc. purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $31,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at about $35,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $96.81 on Monday. Canadian Pacific Kansas City has a twelve month low of $68.42 and a twelve month high of $96.90. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $90.21 and a two-hundred day simple moving average of $86.24. The stock has a market capitalization of $85.04 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 1.89 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 earnings per share. On average, analysts predict that Canadian Pacific Kansas City will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is currently 25.08%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.