Canadian Pacific Kansas City (NYSE:CP) PT Raised to $98.00 at Citigroup

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective raised by Citigroup from $97.00 to $98.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the transportation company’s stock.

Other research analysts have also issued reports about the stock. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. 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 report on Thursday. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.09.

Canadian Pacific Kansas City Stock Down 1.8 %

Shares of NYSE CP opened at $77.11 on Thursday. The firm has a market cap of $71.95 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. 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 1 year low of $69.07 and a 1 year high of $91.58. The firm’s 50 day moving average price is $82.86 and its 200 day moving average price is $81.30.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 EPS. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CP. Mirova US LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock valued at $165,419,000 after purchasing an additional 1,678,784 shares during the last quarter. Cantillon Capital Management LLC increased its stake in Canadian Pacific Kansas City by 49.1% during the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company’s stock valued at $314,563,000 after purchasing an additional 1,174,200 shares during the last quarter. Wulff Hansen & CO. raised its holdings in shares of Canadian Pacific Kansas City by 8,261.4% during the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after purchasing an additional 932,216 shares during the period. Finally, AGF Management Ltd. lifted its position in shares of Canadian Pacific Kansas City by 86.5% in the 2nd quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after buying an additional 735,816 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.