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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has received a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $96.32.

Several brokerages have recently issued reports on CP. Barclays upped their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Raymond James upped their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Evercore reduced their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th.

Canadian Pacific Kansas City Stock Up 1.0 %

CP opened at $76.93 on Friday. The business’s fifty day moving average is $81.21 and its two-hundred day moving average is $81.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The company has a market cap of $71.76 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.17 and a beta of 0.97. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. Analysts anticipate that Canadian Pacific Kansas City will post 3.14 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business 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 $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 17.63%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently modified their holdings of CP. Sands Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter worth about $31,000. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City in the first quarter valued at about $32,000. Anchor Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $40,000. Independence Bank of Kentucky purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $43,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $45,000. Hedge funds and other 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.