Canadian Pacific Kansas City (NYSE:CP) Receives “Hold” Rating from Benchmark

Benchmark restated their hold rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research report released on Thursday, Benzinga reports.

A number of other equities analysts have also recently commented on CP. TD Securities cut shares of Canadian Pacific Kansas City from a buy rating to a hold rating in a report on Monday, January 8th. Raymond James upped their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an outperform rating in a report on Monday, April 22nd. Stifel Nicolaus raised their price target on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a hold rating in a report on Friday, April 12th. Bank of America boosted their price target on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a buy rating in a research report on Wednesday, April 10th. Finally, StockNews.com upgraded Canadian Pacific Kansas City from a sell rating to a hold rating in a research note on Wednesday, January 31st. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $96.42.

Canadian Pacific Kansas City Trading Down 0.5 %

NYSE CP opened at $81.68 on Thursday. The firm’s fifty day moving average price is $87.04 and its 200 day moving average price is $79.90. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.46. The company has a market capitalization of $76.18 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. On average, sell-side analysts expect that Canadian Pacific Kansas City will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given 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 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. K.J. Harrison & Partners Inc increased its stake 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 worth $7,985,000 after purchasing an additional 573 shares in the last quarter. McCollum Christoferson Group LLC increased its position 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 buying an additional 2,720 shares in the last quarter. Narwhal Capital Management raised its holdings in shares of Canadian Pacific Kansas City by 1.1% in the first quarter. Narwhal Capital Management now owns 54,073 shares of the transportation company’s stock worth $4,768,000 after acquiring an additional 603 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $1,440,000. Finally, Bogart Wealth LLC boosted its stake in shares of Canadian Pacific Kansas City by 17,083.0% during the first quarter. Bogart Wealth LLC now owns 9,107 shares of the transportation company’s stock valued at $803,000 after acquiring an additional 9,054 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.