Stephens Cuts Canadian Pacific Kansas City (NYSE:CP) Price Target to $81.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target cut by Stephens from $85.00 to $81.00 in a research note published on Monday morning, Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

Several other brokerages have also weighed in on CP. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and cut their target price for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Finally, Barclays increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.15.

Canadian Pacific Kansas City Trading Up 0.2 %

Shares of CP opened at $78.18 on Monday. The stock’s 50-day moving average price is $82.77 and its 200 day moving average price is $81.16. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $72.97 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a 12-month low of $69.08 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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 firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.00%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Delta Investment Management LLC increased its position in Canadian Pacific Kansas City by 3.2% in the first quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust grew its position in shares of Canadian Pacific Kansas City by 56.0% during 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 period. Tower View Wealth Management LLC raised its stake in shares of Canadian Pacific Kansas City by 0.3% during the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock worth $4,410,000 after buying an additional 130 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after buying an additional 131 shares during the period. Finally, Trust Co. of Vermont boosted its stake in Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 135 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.