Canadian Pacific Kansas City Limited (NYSE:CP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $96.56.

A number of research firms have issued reports on CP. Stephens decreased their price target on shares of Canadian Pacific Kansas City from $79.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Morgan Stanley initiated coverage on Canadian Pacific Kansas City in a research report on Tuesday, September 5th. They issued an “equal weight” rating and a $100.00 price target on the stock. BMO Capital Markets reduced their price objective on Canadian Pacific Kansas City from $128.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Credit Suisse Group boosted their target price on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. Finally, CSFB increased 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 report on Wednesday, August 9th.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $71.51 on Tuesday. The stock’s 50-day moving average is $73.36 and its two-hundred day moving average is $77.45. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $85.40. The firm has a market cap of $66.63 billion, a P/E ratio of 21.47, a PEG ratio of 2.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.61.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Canadian Pacific Kansas City had a return on equity of 8.45% and a net margin of 37.10%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Analysts predict that Canadian Pacific Kansas City will post 2.8 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be issued a $0.1384 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.77%. Canadian Pacific Kansas City’s payout ratio is presently 16.52%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CP. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $1,136,503,000. TD Asset Management Inc acquired a new position in Canadian Pacific Kansas City in the second quarter valued at about $1,164,873,000. WCM Investment Management LLC grew its stake in Canadian Pacific Kansas City by 21.8% during the third quarter. WCM Investment Management LLC now owns 38,100,632 shares of the transportation company’s stock worth $2,835,068,000 after buying an additional 6,819,305 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Canadian Pacific Kansas City by 1,151.2% during the first quarter. Wellington Management Group LLP now owns 7,157,741 shares of the transportation company’s stock worth $591,239,000 after buying an additional 6,585,655 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $481,016,000. 67.93% 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 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.