Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) Target Price at $93.25

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given an average rating of “Moderate Buy” by the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $93.25.

CP has been the subject of several analyst reports. Stifel Nicolaus lowered 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. Bank of America lowered their price objective on 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. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday. Evercore ISI increased their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th.

Canadian Pacific Kansas City Stock Down 0.8 %

Shares of NYSE CP opened at $72.56 on Wednesday. The company has a 50 day simple moving average of $75.83 and a 200 day simple moving average of $79.55. 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 1 year low of $70.89 and a 1 year high of $91.58. The firm has a market cap of $67.73 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. On average, research analysts forecast that Canadian Pacific Kansas City will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.00%.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can lifted its stake in shares of Canadian Pacific Kansas City by 2.8% in the second quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock valued at $1,580,556,000 after buying an additional 533,792 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Canadian Pacific Kansas City by 5.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after acquiring an additional 723,188 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Canadian Pacific Kansas City by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock valued at $909,721,000 after acquiring an additional 216,062 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock valued at $750,046,000 after purchasing an additional 381,594 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Canadian Pacific Kansas City by 9.7% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.