Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $91.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective decreased by Bank of America from $94.00 to $91.00 in a report issued on Thursday morning, Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

Several other brokerages also recently commented on CP. Jefferies Financial Group decreased their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and cut their target price for the stock from $94.00 to $92.00 in a research note on Thursday. Citigroup initiated coverage on Canadian Pacific Kansas City in a research report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target for the company. Finally, Sanford C. Bernstein cut their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.09.

Canadian Pacific Kansas City Stock Down 1.8 %

Shares of NYSE CP opened at $77.11 on Thursday. The stock has a market capitalization of $71.95 billion, a P/E ratio of 24.71, a PEG ratio of 2.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. Canadian Pacific Kansas City has a one year low of $69.07 and a one year high of $91.58. The firm’s 50 day simple moving average is $82.86 and its two-hundred day simple moving average is $81.30.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts expect that Canadian Pacific Kansas City will post 3.2 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Grove Bank & Trust increased its holdings in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares in the last quarter. LRI Investments LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at about $32,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at about $35,000. Asset Dedication LLC purchased a new position in Canadian Pacific Kansas City in the third quarter worth about $38,000. Finally, ORG Partners LLC bought a new position in shares of Canadian Pacific Kansas City in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.