Canadian Pacific Kansas City Limited (NYSE:CP) Receives $96.36 Consensus Target Price from Brokerages

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have earned a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $96.36.

A number of equities analysts have commented on CP shares. Susquehanna reissued a “neutral” rating and issued a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Sanford C. Bernstein raised their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research note on Monday, July 8th. Stifel Nicolaus boosted their target price on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group lowered their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th.

Canadian Pacific Kansas City Stock Down 1.2 %

CP opened at $85.89 on Monday. The company has a market capitalization of $80.14 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 2.45 and a beta of 0.96. The firm has a 50-day simple moving average of $82.16 and a two-hundred day simple moving average of $82.55. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the firm earned $0.62 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Analysts forecast that Canadian Pacific Kansas City will post 3.1 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a $0.1373 dividend. This represents a $0.55 annualized dividend and a yield of 0.64%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LRI Investments LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at about $32,000. Chris Bulman Inc purchased a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $35,000. ORG Partners LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter worth approximately $39,000. Tobam purchased a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $51,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $61,000. Hedge funds and other 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.