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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has received a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $95.45.

A number of research firms recently weighed in on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Citigroup upped their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Stephens upped their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada upped their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock worth $2,662,978,000 after purchasing an additional 491,966 shares during the last quarter. Causeway Capital Management LLC lifted its position in Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock valued at $1,116,632,000 after purchasing an additional 6,687,770 shares during the period. Mackenzie Financial Corp lifted its position in Canadian Pacific Kansas City by 1.8% in the fourth quarter. Mackenzie Financial Corp now owns 15,348,282 shares of the transportation company’s stock valued at $1,110,111,000 after purchasing an additional 276,223 shares during the period. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Canadian Pacific Kansas City by 11.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company’s stock valued at $899,805,000 after acquiring an additional 1,262,913 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $77.69 on Monday. The stock has a 50-day moving average of $76.81 and a two-hundred day moving average of $78.48. Canadian Pacific Kansas City has a one year low of $70.89 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a market cap of $72.54 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, research analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

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.