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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $94.88.

A number of research analysts have weighed in on CP shares. Bank of America decreased their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Sanford C. Bernstein cut their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Citigroup reduced their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Finally, Stephens dropped their price objective 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.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $76.62 on Friday. The stock has a 50 day moving average of $79.26 and a two-hundred day moving average of $80.24. Canadian Pacific Kansas City has a 12 month low of $71.08 and a 12 month high of $91.58. The firm has a market cap of $71.51 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced 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). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. On average, analysts expect that Canadian Pacific Kansas City will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio is 19.64%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CP. LRI Investments LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Atria Investments Inc grew its position in Canadian Pacific Kansas City by 13.9% during the 1st quarter. Atria Investments Inc now owns 40,175 shares of the transportation company’s stock worth $3,542,000 after purchasing an additional 4,896 shares during the last quarter. Cetera Investment Advisers increased its stake in Canadian Pacific Kansas City by 272.0% in the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after purchasing an additional 40,380 shares during the period. Cetera Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 44.7% during the first quarter. Cetera Advisors LLC now owns 30,715 shares of the transportation company’s stock worth $2,711,000 after buying an additional 9,490 shares during the period. Finally, Transcend Capital Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the second quarter worth about $640,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.