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

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have earned an average rating of “Moderate Buy” from the fifteen research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $92.63.

CP has been the subject of several recent analyst reports. Citigroup decreased their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Barclays lowered their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Wells Fargo & Company lowered their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Bank of America cut their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently made changes to their positions in CP. Grove Bank & Trust grew its position in 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 purchasing an additional 130 shares during the last quarter. Addison Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the third quarter worth about $34,000. Asset Dedication LLC bought a new position in Canadian Pacific Kansas City during the third quarter valued at about $38,000. Finally, Kennebec Savings Bank acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $42,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Up 0.3 %

Shares of CP opened at $74.80 on Friday. The business’s 50-day moving average price is $74.69 and its 200 day moving average price is $79.17. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $69.83 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City has a 1-year low of $70.89 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Canadian Pacific Kansas City will post 3.02 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.29%.

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.