Canadian Pacific Kansas City (NYSE:CP) Given New $88.00 Price Target at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target cut by Susquehanna from $90.00 to $88.00 in a research report released on Thursday morning,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

A number of other brokerages have also recently weighed in on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Barclays reduced their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.95.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $71.59 on Thursday. The business’s fifty day moving average price is $76.56 and its 200 day moving average price is $77.64. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $89.26. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $66.84 billion, a P/E ratio of 24.68, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data 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 return on equity of 8.86% and a net margin of 25.51%. As a group, research analysts anticipate that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently modified their holdings of CP. Proficio Capital Partners LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $2,602,000. Oak Family Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $262,000. Barclays PLC raised its position in shares of Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after acquiring an additional 81,111 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after acquiring an additional 352,534 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $249,000. 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.