Canadian Pacific Kansas City Limited (NYSE:CP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $108.60.

CP has been the subject of several research analyst reports. Citigroup raised their target price on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Susquehanna raised their price objective on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Finally, Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, June 25th.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $88.96 on Friday. Canadian Pacific Kansas City has a twelve month low of $68.42 and a twelve month high of $96.90. The stock’s 50 day moving average price is $91.75 and its 200-day moving average price is $87.27. The company has a market capitalization of $78.14 billion, a PE ratio of 28.61, a PEG ratio of 1.87 and a beta of 1.12. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the business posted $1.12 earnings per share. Canadian Pacific Kansas City’s revenue was up 12.6% on a year-over-year basis. On average, equities analysts anticipate that Canadian Pacific Kansas City will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is 25.08%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently bought and sold shares of the company. Fiduciary Financial Advisors bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth $25,000. Jones Financial Companies Lllp bought a new position in Canadian Pacific Kansas City during the second quarter worth about $44,000. Western Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter worth about $50,000. Knuff & Co LLC purchased a new position in shares of Canadian Pacific Kansas City in the second quarter worth about $50,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Canadian Pacific Kansas City by 121.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 713 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 391 shares during the period. 72.20% of the stock is owned by institutional investors.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.