Canadian Pacific Kansas City (NYSE:CP) Given New $93.00 Price Target at Citigroup

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target raised by Citigroup from $86.00 to $93.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other research analysts also recently commented on CP. Barclays dropped their price objective on Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, March 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Finally, National Bank Financial downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $92.45.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $79.92 on Tuesday. The stock’s 50-day moving average is $81.46 and its two-hundred day moving average is $76.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. Canadian Pacific Kansas City has a 1-year low of $66.49 and a 1-year high of $89.42. The company has a market cap of $71.71 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released 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 analysts’ expectations of $2.85 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. Analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced 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 of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is 20.74%.

Institutional Trading of Canadian Pacific Kansas City

A number of large investors have recently made changes to their positions in the company. Frank Rimerman Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock valued at $1,326,000 after purchasing an additional 145 shares during the period. Cromwell Holdings LLC boosted its position in shares of Canadian Pacific Kansas City by 8.1% in the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 145 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of Canadian Pacific Kansas City by 3.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,033 shares of the transportation company’s stock valued at $371,000 after purchasing an additional 157 shares during the period. Fortune Financial Advisors LLC boosted its position in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after purchasing an additional 158 shares during the period. Finally, Brookstone Capital Management boosted its position in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after purchasing an additional 176 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.