Canadian Pacific Kansas City Limited (NYSE:CP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $90.63.

A number of equities research analysts have recently issued reports on the stock. Argus raised shares of Canadian Pacific Kansas City from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Tuesday, May 16th. The Goldman Sachs Group began coverage on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 6th. They set a “buy” rating on the stock. StockNews.com began coverage on shares of Canadian Pacific Kansas City in a research report on Thursday, August 17th. They set a “hold” rating on the stock. CSFB boosted their price target on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Finally, Credit Suisse Group boosted their price target on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $78.22 on Thursday. Canadian Pacific Kansas City has a 52-week low of $65.17 and a 52-week high of $85.40. The firm has a market capitalization of $72.86 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.79 and a beta of 1.01. The company has a fifty day simple moving average of $80.19 and a 200-day simple moving average of $78.77. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Thursday, July 27th. The transportation company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.07). Canadian Pacific Kansas City had a return on equity of 8.92% and a net margin of 41.92%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.47 billion. On average, equities analysts anticipate that Canadian Pacific Kansas City will post 2.93 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.1437 per share. The ex-dividend date is Thursday, September 28th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio is 16.57%.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently bought and sold shares of CP. Carolinas Wealth Consulting LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth approximately $25,000. Stonebridge Capital Advisors LLC increased its stake in Canadian Pacific Kansas City by 750.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. BerganKDV Wealth Management LLC increased its stake in Canadian Pacific Kansas City by 193.9% in the first quarter. BerganKDV Wealth Management LLC now owns 338 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 223 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the third quarter valued at approximately $29,000. Finally, Motco acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $32,000. 67.93% 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 and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.