Canadian Pacific Kansas City (NYSE:CP) Given New $90.00 Price Target at Sanford C. Bernstein

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective raised by Sanford C. Bernstein from $85.41 to $90.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a market perform rating on the transportation company’s stock.

Several other equities analysts have also recently issued reports on CP. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Evercore lowered their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. National Bank Financial lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.82.

Canadian Pacific Kansas City Stock Up 1.5%

Shares of NYSE:CP opened at $78.65 on Tuesday. Canadian Pacific Kansas City has a 1-year low of $66.49 and a 1-year high of $89.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a market cap of $70.62 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.64 and a beta of 1.06. The firm has a fifty day moving average price of $80.81 and a 200 day moving average price of $76.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.74%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock worth $1,326,000 after buying an additional 145 shares in the last quarter. Cromwell Holdings LLC boosted its stake in shares of Canadian Pacific Kansas City by 8.1% in the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after buying an additional 145 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in Canadian Pacific Kansas City by 3.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock worth $371,000 after acquiring an additional 157 shares during the period. Fortune Financial Advisors LLC grew its holdings in Canadian Pacific Kansas City by 1.2% during the fourth quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock worth $1,003,000 after acquiring an additional 158 shares during the period. Finally, Brookstone Capital Management raised its position in Canadian Pacific Kansas City by 1.2% in the fourth quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock worth $1,057,000 after acquiring an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.