Canadian Pacific Kansas City Limited (NYSE:CP) Given Average Rating of “Moderate Buy” by Brokerages

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $90.63.

Several analysts have issued reports on CP shares. Royal Bank of Canada decreased their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. Argus set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Susquehanna raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, May 1st. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Finally, Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors have recently added to or reduced their stakes in CP. Barclays PLC lifted its holdings in Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after purchasing an additional 81,111 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company’s stock valued at $750,046,000 after purchasing an additional 381,594 shares during the last quarter. Merit Financial Group LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $288,000. Simon Quick Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 35.2% in the fourth quarter. Simon Quick Advisors LLC now owns 4,167 shares of the transportation company’s stock worth $302,000 after acquiring an additional 1,084 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its stake in shares of Canadian Pacific Kansas City by 10.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 5,039 shares of the transportation company’s stock worth $365,000 after acquiring an additional 473 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $80.13 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $74.00 and a 200 day simple moving average of $75.26. The company has a market cap of $74.56 billion, a P/E ratio of 27.63, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Canadian Pacific Kansas City’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. On average, sell-side analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City’s payout ratio is 21.28%.

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.