Citigroup Has Lowered Expectations for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price trimmed by Citigroup from $98.00 to $91.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other equities research analysts also recently commented on the company. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Sanford C. Bernstein lowered their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Stephens cut their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Jefferies Financial Group lowered their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $93.68.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $74.00 on Tuesday. The business has a fifty day moving average price of $81.62 and a 200-day moving average price of $80.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City has a one year low of $69.27 and a one year high of $91.58. The firm has a market capitalization of $69.06 billion, a P/E ratio of 26.51, a PEG ratio of 2.25 and a beta of 0.98.

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 analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. As a group, equities research analysts forecast that Canadian Pacific Kansas City will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given 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 yield of 0.76%. 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 20.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Conway Capital Management Inc. purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at about $1,314,000. Executive Wealth Management LLC grew its position in shares of Canadian Pacific Kansas City by 6.3% in the third quarter. Executive Wealth Management LLC now owns 35,819 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 2,113 shares in the last quarter. Duff & Phelps Investment Management Co. increased its holdings in shares of Canadian Pacific Kansas City by 4.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 142,794 shares of the transportation company’s stock valued at $12,226,000 after purchasing an additional 6,401 shares during the last quarter. Barclays PLC lifted its position in Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after buying an additional 81,111 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Canadian Pacific Kansas City during the third quarter worth $29,595,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.