Susquehanna Cuts Canadian Pacific Kansas City (NYSE:CP) Price Target to $88.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective trimmed by Susquehanna from $90.00 to $88.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a positive rating on the transportation company’s stock.

A number of other brokerages have also commented on CP. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Citigroup increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Barclays decreased their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.95.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $69.31 on Thursday. Canadian Pacific Kansas City has a 52 week low of $69.28 and a 52 week high of $89.26. The company has a 50-day moving average price of $76.45 and a 200-day moving average price of $77.48. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $64.72 billion, a P/E ratio of 23.90, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.76%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bernard Wealth Management Corp. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $31,000. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $33,000. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $34,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth about $34,000. Finally, YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. 72.20% of the stock is currently 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.