Canadian Pacific Kansas City Limited (NYSE:CP) Given Average Rating of “Moderate Buy” by Analysts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $93.25.

CP has been the subject of a number of analyst reports. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Stephens decreased their price target on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Citigroup cut their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Bank of America decreased their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Evercore ISI upped their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust increased its holdings in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the period. Addison Advisors LLC grew its position in Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $35,000. Finally, Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth approximately $38,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 0.8 %

NYSE CP opened at $72.56 on Wednesday. The stock has a market cap of $67.73 billion, a P/E ratio of 25.91, a PEG ratio of 2.26 and a beta of 0.96. The company’s fifty day simple moving average is $75.83 and its 200-day simple moving average is $79.59. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 52 week low of $70.89 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. Equities research analysts predict that Canadian Pacific Kansas City will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.00%.

About Canadian Pacific Kansas City

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.