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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given a consensus rating of “Moderate Buy” by the nineteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $91.6923.

A number of research analysts have issued reports on CP shares. Evercore ISI reduced their price objective on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada decreased their price target on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Citigroup reduced their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th.

Canadian Pacific Kansas City Trading Up 1.1%

NYSE CP opened at $74.41 on Friday. The stock has a market cap of $66.77 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10. Canadian Pacific Kansas City has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. The stock has a 50 day simple moving average of $72.64 and a two-hundred day simple moving average of $75.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period last year, the firm posted $0.99 earnings per share. On average, analysts forecast that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a $0.228 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 19.82%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently added to or reduced their stakes in CP. Vanderbilt University boosted its position in shares of Canadian Pacific Kansas City by 10.3% during the second quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after acquiring an additional 7,050 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. lifted its stake in Canadian Pacific Kansas City by 2.2% in the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after purchasing an additional 14,260 shares in the last quarter. Key Financial Inc bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $371,000. Ninety One North America Inc. grew its position in shares of Canadian Pacific Kansas City by 135.7% during the second quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock valued at $16,394,000 after purchasing an additional 119,052 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Canadian Pacific Kansas City by 7.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,935,337 shares of the transportation company’s stock worth $153,847,000 after purchasing an additional 136,981 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.