Canadian Pacific Kansas City (NYSE:CP) Cut to “Hold” at Natl Bk Canada

Natl Bk Canada downgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a strong-buy rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Royal Bank Of Canada dropped their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Citigroup set a $88.00 price objective on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Thursday. Finally, Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.36.

Canadian Pacific Kansas City Stock Down 0.9%

Canadian Pacific Kansas City stock opened at $71.58 on Thursday. The company has a market capitalization of $64.22 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10. 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 has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. The firm has a 50 day moving average price of $72.52 and a 200 day moving average price of $75.02.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.12%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently bought and sold shares of the stock. Triasima Portfolio Management inc. bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $2,989,000. Vanderbilt University increased its position in Canadian Pacific Kansas City by 10.3% in the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock valued at $5,982,000 after acquiring an additional 7,050 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in Canadian Pacific Kansas City by 2.2% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock valued at $51,410,000 after acquiring an additional 14,260 shares in the last quarter. Key Financial Inc bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $371,000. Finally, Cardinal Capital Management Inc. boosted its position in Canadian Pacific Kansas City by 11.6% during the 3rd quarter. Cardinal Capital Management Inc. now owns 1,494,133 shares of the transportation company’s stock worth $111,349,000 after acquiring an additional 155,640 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

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.