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

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have received an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the firm, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $96.42.

A number of brokerages have weighed in on CP. Barclays increased their price target on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Bank of America reduced their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Evercore cut their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday.

Canadian Pacific Kansas City Stock Up 0.2 %

Shares of CP opened at $82.09 on Friday. The stock has a market capitalization of $76.56 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a fifty day moving average of $87.11 and a 200-day moving average of $79.74.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is 17.83%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Canadian Pacific Kansas City by 12.1% during the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 133 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock valued at $265,000 after purchasing an additional 141 shares in the last quarter. Commerce Bank grew its position in shares of Canadian Pacific Kansas City by 0.3% during the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after purchasing an additional 144 shares in the last quarter. Accretive Wealth Partners LLC grew its position in shares of Canadian Pacific Kansas City by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after purchasing an additional 145 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock valued at $3,802,000 after purchasing an additional 148 shares in the last quarter. 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.