Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $89.00 at Evercore ISI

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective decreased by Evercore ISI from $90.00 to $89.00 in a report issued on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the transportation company’s stock.

CP has been the topic of several other research reports. Stifel Nicolaus lifted their price objective on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a hold rating in a report on Friday, April 12th. StockNews.com raised Canadian Pacific Kansas City from a sell rating to a hold rating in a research note on Wednesday, January 31st. TD Securities cut Canadian Pacific Kansas City from a buy rating to a hold rating in a research note on Monday, January 8th. Bank of America raised their target price on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. Finally, Susquehanna Bancshares cut Canadian Pacific Kansas City from a positive rating to a neutral rating and cut their price objective for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $96.42.

Canadian Pacific Kansas City Price Performance

NYSE CP traded down $0.29 during trading hours on Thursday, reaching $81.80. 564,078 shares of the stock traded hands, compared to its average volume of 2,098,283. The stock has a 50 day simple moving average of $87.11 and a two-hundred day simple moving average of $79.74. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58. 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 cap of $76.29 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. On average, analysts predict that Canadian Pacific Kansas City will post 3.2 EPS 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. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently modified their holdings of CP. YCG LLC boosted its stake in shares of Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after purchasing an additional 91,276 shares in the last quarter. SG Americas Securities LLC boosted its stake in Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after acquiring an additional 12,748 shares in the last quarter. Element Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Canadian Pacific Kansas City by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after acquiring an additional 14,557 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $5,392,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.