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 been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $91.33.

A number of equities research analysts have issued reports on the company. Susquehanna cut their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday, March 27th. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Barclays lowered their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Royal Bank of Canada increased their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Jefferies Financial Group cut their price target on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th.

Canadian Pacific Kansas City Trading Down 1.0 %

Canadian Pacific Kansas City stock opened at $71.79 on Tuesday. Canadian Pacific Kansas City has a 12 month low of $66.49 and a 12 month high of $87.72. The company has a market capitalization of $66.78 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The business’s fifty day simple moving average is $73.56 and its two-hundred day simple moving average is $75.47. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, equities analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, March 28th were given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in Canadian Pacific Kansas City by 18.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company’s stock worth $60,000 after buying an additional 133 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in Canadian Pacific Kansas City by 13.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after buying an additional 150 shares during the last quarter. Wiser Advisor Group LLC raised its position in Canadian Pacific Kansas City by 9.5% during the 4th quarter. Wiser Advisor Group LLC now owns 1,732 shares of the transportation company’s stock worth $125,000 after buying an additional 150 shares during the last quarter. Advisory Services Network LLC raised its position in Canadian Pacific Kansas City by 2.2% during the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company’s stock worth $521,000 after buying an additional 152 shares during the last quarter. Finally, Transatlantique Private Wealth LLC raised its position in Canadian Pacific Kansas City by 1.6% during the 4th quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company’s stock worth $728,000 after buying an additional 157 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

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.