Canadian Pacific Kansas City Limited (NYSE:CP) Receives $96.32 Average PT from Brokerages

Shares of Canadian Pacific Kansas City Limited (NYSE:CPGet Free Report) (TSE:CP) have earned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $95.95.

Several brokerages recently commented on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Evercore dropped their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Bank of America cut their price target on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Sanford C. Bernstein increased their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday. Finally, Wells Fargo & Company began coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 target price on the stock.

View Our Latest Stock Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $78.46 on Wednesday. The company has a market capitalization of $73.20 billion, a PE ratio of 25.15, a PEG ratio of 2.27 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $79.29 and its 200 day simple moving average is $82.31.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. On average, research analysts predict that Canadian Pacific Kansas City will post 3.15 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $0.141 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.63%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently bought and sold shares of CP. Sands Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $31,000. LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter worth approximately $32,000. Anchor Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $40,000. Independence Bank of Kentucky acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $43,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $45,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

(Get Free Report

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.

Featured Articles

Analyst Recommendations for Canadian Pacific Kansas City (NYSE:CP)

Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.