Canadian Pacific Kansas City (NYSE:CP) Upgraded at StockNews.com

StockNews.com upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a sell rating to a hold rating in a research report report published on Tuesday morning.

A number of other research firms also recently weighed in on CP. Stephens cut their price target on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Bank of America decreased their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Barclays raised their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Finally, Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

Canadian Pacific Kansas City Stock Down 2.6 %

CP stock opened at $71.10 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a fifty day moving average of $76.84 and a 200-day moving average of $79.74. Canadian Pacific Kansas City has a one year low of $71.02 and a one year high of $91.58. The stock has a market capitalization of $66.36 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued 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 business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. As a group, analysts expect that Canadian Pacific Kansas City will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.79%. Canadian Pacific Kansas City’s dividend payout ratio is 20.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in Canadian Pacific Kansas City by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,742,375 shares of the transportation company’s stock valued at $234,806,000 after acquiring an additional 257,200 shares during the period. Franklin Resources Inc. lifted its holdings in Canadian Pacific Kansas City by 9.7% in the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after purchasing an additional 537,418 shares during the period. Peapack Gladstone Financial Corp grew its position in Canadian Pacific Kansas City by 1.2% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 35,559 shares of the transportation company’s stock valued at $3,042,000 after buying an additional 405 shares in the last quarter. Synovus Financial Corp increased its stake in Canadian Pacific Kansas City by 3.5% during the 3rd quarter. Synovus Financial Corp now owns 52,089 shares of the transportation company’s stock valued at $4,456,000 after buying an additional 1,764 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $1,998,000. Institutional investors own 72.20% of the company’s stock.

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.