Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) Price Target at $96.36

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given an average rating of “Moderate Buy” by the twenty brokerages that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $96.36.

A number of analysts have recently issued reports on CP shares. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target for the company. Jefferies Financial Group cut their price objective 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. Barclays decreased their target price on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Stifel Nicolaus increased their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Finally, Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th.

Canadian Pacific Kansas City Trading Down 0.7 %

Shares of Canadian Pacific Kansas City stock opened at $86.04 on Monday. 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 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The stock has a market cap of $80.28 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.45 and a beta of 0.96. The stock’s 50 day simple moving average is $82.04 and its 200-day simple moving average is $82.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the business earned $0.62 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. Analysts predict that Canadian Pacific Kansas City will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CP. JARISLOWSKY FRASER Ltd boosted its stake in Canadian Pacific Kansas City by 63.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock valued at $7,127,000 after acquiring an additional 34,856 shares in the last quarter. Meritage Group LP acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $207,850,000. The Manufacturers Life Insurance Company grew its stake in Canadian Pacific Kansas City by 4.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock worth $948,585,000 after buying an additional 507,177 shares during the last quarter. Choate Investment Advisors grew its position in shares of Canadian Pacific Kansas City by 24.2% during the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock worth $6,349,000 after acquiring an additional 14,037 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Canadian Pacific Kansas City by 1.9% during the 4th quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock worth $52,752,000 after purchasing an additional 12,323 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.