Canadian Pacific Kansas City Limited (NYSE:CP) Stock Has Average Target Price of $107.80 According to Brokerages

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $107.10.

A number of brokerages have issued reports on CP. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 24th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Zacks Research raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of Canadian Pacific Kansas City by 5.5% in the third quarter. GAMMA Investing LLC now owns 3,704 shares of the transportation company’s stock valued at $315,000 after buying an additional 193 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 384.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,322 shares of the transportation company’s stock worth $964,000 after acquiring an additional 8,986 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 208.0% in the 3rd quarter. CoreCap Advisors LLC now owns 3,397 shares of the transportation company’s stock worth $289,000 after acquiring an additional 2,294 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 9.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 5,262 shares of the transportation company’s stock worth $448,000 after acquiring an additional 452 shares during the last quarter. Finally, Parrish Capital LLC raised its position in shares of Canadian Pacific Kansas City by 5.0% during the third quarter. Parrish Capital LLC now owns 12,165 shares of the transportation company’s stock worth $1,035,000 after purchasing an additional 581 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 0.9%

Shares of NYSE:CP opened at $84.38 on Tuesday. The company has a 50 day moving average of $90.11 and a 200-day moving average of $87.62. 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 firm has a market cap of $73.84 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.75 and a beta of 1.13. Canadian Pacific Kansas City has a twelve month low of $68.42 and a twelve month high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data 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 net margin of 25.02% and a return on equity of 9.02%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same quarter last year, the business earned $1.12 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, analysts anticipate that Canadian Pacific Kansas City will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be paid a C$0.27 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is currently 24.76%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.