Canadian Pacific Kansas City (NYSE:CP) Receives “Sector Perform” Rating from Scotiabank

Scotiabank reiterated their sector perform rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a report issued on Monday, Marketbeat reports.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut Canadian Pacific Kansas City from a buy rating to a hold rating and lowered their price objective for the company from $85.00 to $77.00 in a research note on Monday, November 27th. TD Securities cut Canadian Pacific Kansas City from a buy rating to a hold rating in a research report on Monday, January 8th. Citigroup upped their price target on Canadian Pacific Kansas City from $89.00 to $90.00 and gave the company a buy rating in a research report on Wednesday, December 13th. Susquehanna cut their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set a neutral rating for the company in a report on Wednesday, January 31st. Finally, StockNews.com raised Canadian Pacific Kansas City from a sell rating to a hold rating in a report on Wednesday, January 31st. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $92.94.

Canadian Pacific Kansas City Price Performance

CP opened at $88.47 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market capitalization of $82.49 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 2.64 and a beta of 0.94. The firm’s fifty day moving average price is $84.90 and its two-hundred day moving average price is $78.20. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. As a group, analysts anticipate that Canadian Pacific Kansas City will post 3.22 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.15%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lavaca Capital LLC bought a new position in Canadian Pacific Kansas City in the second quarter worth $8,077,000. Element Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $7,815,000. SG Americas Securities LLC boosted its position in shares of Canadian Pacific Kansas City by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after buying an additional 12,748 shares during the last quarter. Fund Management at Engine No. 1 LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at $7,688,000. Finally, Scopus Asset Management L.P. purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at $10,096,000. 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.