Canadian Pacific Kansas City Limited (NYSE:CP) Short Interest Update

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 8,630,000 shares, a growth of 26.2% from the October 15th total of 6,840,000 shares. Based on an average daily volume of 2,090,000 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently made changes to their positions in CP. Grove Bank & Trust increased its position in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the period. LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter valued at about $32,000. Addison Advisors LLC boosted its stake in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at about $34,000. Finally, Chris Bulman Inc acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at about $35,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 2.5 %

Shares of NYSE:CP traded down $1.88 during trading on Friday, hitting $74.00. 4,003,725 shares of the company’s stock traded hands, compared to its average volume of 2,177,583. Canadian Pacific Kansas City has a 52 week low of $69.27 and a 52 week high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market cap of $69.06 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98. The company has a 50-day moving average price of $81.62 and a 200-day moving average price of $80.67.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. As a group, research analysts forecast that Canadian Pacific Kansas City will post 3.06 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Stephens lowered their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Citigroup lowered their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their price objective for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Finally, Evercore ISI raised their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.68.

About Canadian Pacific Kansas City

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.