Canadian Pacific Kansas City (NYSE:CP) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a hold rating to a sell rating in a report released on Wednesday.

Other equities research analysts have also recently issued reports about the company. Barclays increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price objective for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Stephens cut their target price on shares of 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. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Finally, 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 on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

Canadian Pacific Kansas City Stock Up 0.3 %

Shares of CP opened at $73.38 on Wednesday. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a 50 day simple moving average of $76.31 and a two-hundred day simple moving average of $79.67. The firm has a market cap of $68.49 billion, a P/E ratio of 26.21, a P/E/G ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion during 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%. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. On average, analysts forecast that Canadian Pacific Kansas City will post 3.05 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors 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 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 0.76%. Canadian Pacific Kansas City’s payout ratio is currently 20.00%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Grove Bank & Trust grew its stake in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares during the last quarter. Addison Advisors LLC boosted its holdings 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 worth $34,000 after acquiring an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $34,000. Chris Bulman Inc bought a new position in shares of Canadian Pacific Kansas City during the second quarter valued at $35,000. Finally, Asset Dedication LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $38,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.