Canadian Pacific Kansas City Limited (NYSE:CP) Short Interest Up 7.9% in August

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 7,670,000 shares, an increase of 7.9% from the August 15th total of 7,110,000 shares. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is presently 3.9 days.

Canadian Pacific Kansas City Trading Down 0.8 %

NYSE CP traded down $0.70 on Wednesday, hitting $85.94. 1,210,273 shares of the stock were exchanged, compared to its average volume of 2,074,836. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58. The firm has a market capitalization of $80.19 billion, a P/E ratio of 27.77, a P/E/G ratio of 2.45 and a beta of 0.96. The stock has a fifty day moving average price of $81.94 and a two-hundred day moving average price of $82.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. Research analysts forecast that Canadian Pacific Kansas City will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a $0.1373 dividend. This represents a $0.55 annualized dividend and a yield of 0.64%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.31%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CP. Barclays decreased their price target on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Jefferies Financial Group lowered their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Sanford C. Bernstein upped their target price on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Finally, Susquehanna reiterated a “neutral” rating and issued a $80.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.36.

Institutional Trading of Canadian Pacific Kansas City

A number of large investors have recently made changes to their positions in CP. LRI Investments LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter valued at about $32,000. Chris Bulman Inc purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth $35,000. ORG Partners LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth $39,000. Tobam purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Canadian Pacific Kansas City in the second quarter worth about $61,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.