Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $89.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target reduced by Evercore ISI from $90.00 to $89.00 in a research report report published on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on CP. Bank of America lifted their price objective on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a buy rating in a research note on Wednesday, April 10th. StockNews.com raised Canadian Pacific Kansas City from a sell rating to a hold rating in a research note on Wednesday, January 31st. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a buy rating and a $105.00 target price for the company. Stifel Nicolaus raised their price target on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a hold rating in a research note on Friday, April 12th. Finally, Scotiabank reiterated a sector perform rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of Moderate Buy and a consensus price target of $96.42.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $81.68 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58. The company’s 50 day moving average price is $87.04 and its two-hundred day moving average price is $79.90. The firm has a market cap of $76.18 billion, a PE ratio of 26.18, a PEG ratio of 2.11 and a beta of 0.94.

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

Canadian Pacific Kansas City Cuts Dividend

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

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the business. K.J. Harrison & Partners Inc lifted its position in shares of Canadian Pacific Kansas City by 0.6% during the 1st quarter. K.J. Harrison & Partners Inc now owns 90,596 shares of the transportation company’s stock valued at $7,985,000 after acquiring an additional 573 shares during the period. McCollum Christoferson Group LLC boosted its holdings in Canadian Pacific Kansas City by 4.8% during the first quarter. McCollum Christoferson Group LLC now owns 59,103 shares of the transportation company’s stock worth $5,217,000 after purchasing an additional 2,720 shares during the last quarter. Narwhal Capital Management grew its position in Canadian Pacific Kansas City by 1.1% in the 1st quarter. Narwhal Capital Management now owns 54,073 shares of the transportation company’s stock worth $4,768,000 after purchasing an additional 603 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in Canadian Pacific Kansas City in the 1st quarter valued at about $1,440,000. Finally, Bogart Wealth LLC lifted its position in shares of Canadian Pacific Kansas City by 17,083.0% during the 1st quarter. Bogart Wealth LLC now owns 9,107 shares of the transportation company’s stock worth $803,000 after buying an additional 9,054 shares in the last quarter. 72.20% of the stock is 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.