Canadian Pacific Kansas City Limited (NYSE:CP) Receives $92.00 Average Price Target from Brokerages

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $92.00.

CP has been the topic of several recent analyst reports. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Evercore cut their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Monday.

Canadian Pacific Kansas City Price Performance

CP stock opened at $85.89 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm has a market cap of $77.10 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 1.84 and a beta of 1.10. The company’s fifty day simple moving average is $76.46 and its 200 day simple moving average is $74.93. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $86.55.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $1.29 earnings per share. On average, analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be issued a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.43%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently modified their holdings of CP. Prosperity Bancshares Inc bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at about $27,000. Gilpin Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $29,000. Caldwell Trust Co acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $30,000. Finally, McMillan Office Inc. bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

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.