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

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $94.15.

CP has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stephens decreased their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Sanford C. Bernstein decreased their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Canadian Pacific Kansas City by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock worth $3,079,474,000 after purchasing an additional 588,701 shares during the last quarter. TD Asset Management Inc boosted its stake in Canadian Pacific Kansas City by 2.5% during the 1st quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock worth $1,915,196,000 after purchasing an additional 532,303 shares during the last quarter. Bank of Montreal Can boosted its stake in Canadian Pacific Kansas City by 2.8% during the 2nd quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock worth $1,580,556,000 after purchasing an additional 533,792 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in Canadian Pacific Kansas City by 5.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after purchasing an additional 723,188 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Canadian Pacific Kansas City by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock worth $909,721,000 after purchasing an additional 216,062 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.4 %

Shares of CP stock opened at $78.11 on Tuesday. Canadian Pacific Kansas City has a 52-week low of $69.08 and a 52-week high of $91.58. The company has a 50-day simple moving average of $82.51 and a two-hundred day simple moving average of $80.99. The company has a market capitalization of $72.90 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 2.29 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts anticipate that Canadian Pacific Kansas City will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.64%.

About Canadian Pacific Kansas City

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.