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

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $96.32.

Several brokerages have commented on CP. Raymond James raised their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective on the stock. Evercore ISI dropped their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective on the stock. Finally, Evercore lowered 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.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Delta Investment Management LLC grew its stake in shares of Canadian Pacific Kansas City by 3.2% in the first quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock valued at $363,000 after buying an additional 126 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Canadian Pacific Kansas City by 12.1% in the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after buying an additional 133 shares in the last quarter. Commerce Bank grew its stake in shares of Canadian Pacific Kansas City by 0.3% in the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after buying an additional 144 shares in the last quarter. Accretive Wealth Partners LLC grew its stake in shares of Canadian Pacific Kansas City by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after buying an additional 145 shares in the last quarter. Finally, PDS Planning Inc grew its stake in shares of Canadian Pacific Kansas City by 4.3% in the first quarter. PDS Planning Inc now owns 3,946 shares of the transportation company’s stock valued at $348,000 after buying an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 1.7 %

Canadian Pacific Kansas City stock opened at $78.85 on Wednesday. The firm has a market cap of $73.56 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The business’s 50-day moving average price is $79.56 and its 200 day moving average price is $82.22. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.14 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is 17.63%.

Canadian Pacific Kansas City Company Profile

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.