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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $91.95.

A number of equities research analysts have weighed in on CP shares. Evercore ISI decreased their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Royal Bank Of Canada reduced their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Finally, Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $81.63 on Friday. The stock has a market capitalization of $75.21 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.28 and a beta of 1.07. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $87.72. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $79.97 and its 200 day simple moving average is $76.60.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.81%. Canadian Pacific Kansas City’s payout ratio is 22.30%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Canadian Pacific Kansas City by 1.0% in the first quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company’s stock worth $2,606,624,000 after acquiring an additional 364,515 shares during the period. TD Asset Management Inc raised its position in shares of Canadian Pacific Kansas City by 0.5% in the first quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company’s stock worth $1,464,094,000 after acquiring an additional 104,077 shares during the period. Causeway Capital Management LLC raised its position in shares of Canadian Pacific Kansas City by 11.5% in the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock worth $1,207,605,000 after acquiring an additional 1,778,984 shares during the period. Invesco Ltd. raised its position in shares of Canadian Pacific Kansas City by 59.5% in the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock worth $1,192,471,000 after acquiring an additional 6,337,312 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Canadian Pacific Kansas City by 6.5% in the first quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company’s stock worth $1,147,220,000 after acquiring an additional 999,522 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.