Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $94.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target raised by Susquehanna from $80.00 to $94.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

Other research analysts also recently issued reports about the stock. Scotiabank raised shares of Canadian Pacific Kansas City from a sector perform rating to a sector outperform rating in a research report on Wednesday, July 10th. Sanford C. Bernstein boosted their price target on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a market perform rating in a research report on Monday, July 8th. Wells Fargo & Company initiated coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an overweight rating and a $90.00 price target for the company. Stifel Nicolaus lifted their price objective 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, Evercore ISI increased their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an outperform rating in a research report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $97.42.

Canadian Pacific Kansas City Stock Up 0.7 %

Shares of Canadian Pacific Kansas City stock opened at $82.42 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58. The company’s 50 day moving average price is $82.50 and its 200-day moving average price is $82.21. The stock has a market capitalization of $76.90 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.43 and a beta of 0.96.

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

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 4.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 19,792 shares of the transportation company’s stock valued at $1,565,000 after acquiring an additional 809 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Canadian Pacific Kansas City by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,588 shares of the transportation company’s stock valued at $837,000 after purchasing an additional 2,059 shares during the period. CIBC Private Wealth Group LLC grew its position in Canadian Pacific Kansas City by 41.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 81,566 shares of the transportation company’s stock worth $6,449,000 after purchasing an additional 24,001 shares during the period. Tower Research Capital LLC TRC grew its position in Canadian Pacific Kansas City by 176.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 42,653 shares of the transportation company’s stock worth $3,372,000 after purchasing an additional 27,230 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in Canadian Pacific Kansas City by 4.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 67,996 shares of the transportation company’s stock worth $5,376,000 after purchasing an additional 2,790 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.