Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $82.00 at Stifel Nicolaus

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective decreased by Stifel Nicolaus from $83.00 to $82.00 in a research report sent to investors on Thursday, BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

A number of other analysts also recently issued reports on CP. Evercore ISI dropped their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating for the company in a research report on Thursday. Susquehanna dropped their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a neutral rating for the company in a research report on Thursday. Barclays raised their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an overweight rating in a report on Thursday, April 4th. Evercore decreased their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating on the stock in a report on Thursday. Finally, Raymond James raised their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an outperform rating in a report on Monday, April 22nd. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $96.42.

Canadian Pacific Kansas City Stock Down 0.5 %

Shares of NYSE CP opened at $81.68 on Thursday. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The business has a 50-day simple moving average of $87.04 and a two-hundred day simple moving average of $79.90. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The company has a market cap of $76.18 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.11 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. Research analysts anticipate that Canadian Pacific Kansas City will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Canadian Pacific Kansas City by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock worth $2,714,750,000 after acquiring an additional 585,049 shares in the last quarter. FMR LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.8% during the third quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after purchasing an additional 553,163 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Canadian Pacific Kansas City by 47.7% during the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Canadian Pacific Kansas City by 5.9% during the fourth quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock valued at $1,122,370,000 after purchasing an additional 787,608 shares in the last quarter. Finally, Veritas Asset Management LLP lifted its holdings in shares of Canadian Pacific Kansas City by 1.8% during the fourth quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock valued at $1,062,148,000 after purchasing an additional 243,210 shares in the last quarter. 72.20% of the stock is currently owned by 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.