Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) PT at $94.15

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $94.15.

Several equities research analysts recently weighed in on CP shares. Evercore ISI increased their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Jefferies Financial Group lowered their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Bank of America cut 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 report on Thursday, October 24th. Barclays boosted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their price target for the company from $94.00 to $92.00 in a report on Thursday, October 24th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CP. Choate Investment Advisors raised its stake in Canadian Pacific Kansas City by 24.2% in the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after purchasing an additional 14,037 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $11,810,000. Cetera Investment Advisers raised its position in shares of Canadian Pacific Kansas City by 272.0% in the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after buying an additional 40,380 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Canadian Pacific Kansas City by 16.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 71,167 shares of the transportation company’s stock valued at $6,275,000 after buying an additional 10,234 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter worth approximately $2,629,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $78.80 on Tuesday. Canadian Pacific Kansas City has a one year low of $69.08 and a one year high of $91.58. The stock has a market capitalization of $73.55 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.32 and a beta of 0.98. The company has a 50-day simple moving average of $82.36 and a 200-day simple moving average of $80.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the company earned $0.69 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, analysts predict 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. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

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.