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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been assigned an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $96.36.

A number of equities research analysts recently commented on CP shares. Stifel Nicolaus lifted their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 target price for the company. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Sanford C. Bernstein lifted their price objective on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research note on Monday, July 8th. Finally, Jefferies Financial Group cut their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of CP stock opened at $86.32 on Monday. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a 50-day simple moving average of $81.63 and a two-hundred day simple moving average of $82.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The company has a market capitalization of $80.54 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 2.45 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. Research analysts anticipate that Canadian Pacific Kansas City will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of large investors have recently made changes to their positions in the business. JARISLOWSKY FRASER Ltd grew its position in shares of Canadian Pacific Kansas City by 63.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock worth $7,127,000 after buying an additional 34,856 shares during the period. Meritage Group LP bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $207,850,000. The Manufacturers Life Insurance Company raised its position in shares of Canadian Pacific Kansas City by 4.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock worth $948,585,000 after purchasing an additional 507,177 shares during the last quarter. Choate Investment Advisors increased its stake in Canadian Pacific Kansas City by 24.2% during the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after purchasing an additional 14,037 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Canadian Pacific Kansas City by 1.9% in the fourth quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock worth $52,752,000 after buying an additional 12,323 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.