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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $90.66.

CP has been the topic of a number of research reports. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City in the first quarter worth about $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after buying an additional 256 shares during the period. Cheviot Value Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the first quarter worth about $30,000. Bernard Wealth Management Corp. acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $31,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $33,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 1.9%

NYSE CP opened at $80.11 on Wednesday. Canadian Pacific Kansas City has a 12 month low of $66.49 and a 12 month high of $87.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The company has a market capitalization of $73.81 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The company’s fifty day moving average price is $77.41 and its two-hundred day moving average price is $75.88.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.91%.

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.