Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) Target Price at $95.45

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $95.45.

CP has been the topic of a number of analyst reports. Stephens raised their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Susquehanna reduced their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Barclays cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CP. Addison Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the third quarter valued at about $34,000. Bernard Wealth Management Corp. purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $33,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $74.13 on Monday. The stock has a market cap of $69.21 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City has a 52-week low of $70.89 and a 52-week high of $91.58. The business has a 50-day simple moving average of $76.91 and a 200-day simple moving average of $78.34. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities analysts expect that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

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.