Canadian Pacific Kansas City Limited (NYSE:CP) Receives $95.30 Average Price Target from Analysts

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $95.30.

Several brokerages have commented on CP. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Evercore dropped their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Royal Bank Of Canada dropped their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Finally, ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $85.58 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $82.29 and its two-hundred day moving average is $77.58. The company has a market cap of $75.97 billion, a P/E ratio of 26.41, a P/E/G ratio of 1.84 and a beta of 1.09. Canadian Pacific Kansas City has a 12 month low of $68.42 and a 12 month high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 earnings per share. On average, equities analysts expect that Canadian Pacific Kansas City will post 3.75 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently modified their holdings of CP. Intech Investment Management LLC increased its position in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $35,000. Sivia Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $206,000. Prudential Financial Inc. increased its position in shares of Canadian Pacific Kansas City by 8.7% during the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after purchasing an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 369 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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.