Stephens Upgrades Canadian Pacific Kansas City (NYSE:CP) to “Overweight”

Stephens upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from an equal weight rating to an overweight rating in a research report released on Monday morning, MarketBeat.com reports. Stephens currently has $88.00 target price on the transportation company’s stock, up from their previous target price of $81.00.

Several other brokerages also recently issued reports on CP. Citigroup lowered their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. 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 research report on Thursday, October 24th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Barclays boosted their price target 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, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.79.

Canadian Pacific Kansas City Trading Up 3.2 %

CP stock opened at $76.31 on Monday. The company has a market cap of $71.23 billion, a P/E ratio of 27.25, a PEG ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $75.23 and a 200-day moving average of $79.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results 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 company 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 business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. As a group, equities research 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 declared 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. 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 dividend yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock valued at $165,419,000 after acquiring an additional 1,678,784 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Canadian Pacific Kansas City by 84.4% during the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock valued at $251,778,000 after purchasing an additional 1,348,474 shares during the period. Wulff Hansen & CO. grew its stake in Canadian Pacific Kansas City by 8,261.4% in the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock valued at $74,282,000 after acquiring an additional 932,216 shares during the period. Point72 Asset Management L.P. acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $63,179,000. Finally, AGF Management Ltd. increased its position in shares of Canadian Pacific Kansas City by 86.5% during the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after acquiring an additional 735,816 shares in the last quarter. 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.