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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $92.00.

Several research analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Citigroup lowered their price target on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, January 30th. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Finally, Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th.

Canadian Pacific Kansas City Trading Down 1.7%

NYSE:CP opened at $78.54 on Friday. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $89.42. The firm has a 50 day moving average of $79.67 and a 200 day moving average of $75.92. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $70.53 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.69 and a beta of 1.06.

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

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. 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 1.2%. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC raised its stake in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after purchasing an additional 2,940 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $206,000. Rockefeller Capital Management L.P. raised its position in Canadian Pacific Kansas City by 4.6% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 32,352 shares of the transportation company’s stock worth $2,565,000 after buying an additional 1,418 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Canadian Pacific Kansas City by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 38,223,823 shares of the transportation company’s stock valued at $3,036,558,000 after acquiring an additional 1,080,835 shares during the period. 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.