Canadian Pacific Kansas City (NYSE:CP) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a peer perform rating to an outperform rating in a report issued on Wednesday, MarketBeat.com reports. The firm currently has $86.00 price target on the transportation company’s stock.

Several other brokerages have also recently commented on CP. Evercore ISI boosted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Barclays upped 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. Wells Fargo & Company reduced their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $81.00 to $88.00 in a research note on Monday, January 6th. Finally, StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.56.

Canadian Pacific Kansas City Trading Down 1.9 %

Shares of CP stock opened at $74.74 on Wednesday. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $91.58. The company’s fifty day simple moving average is $75.11 and its two-hundred day simple moving average is $79.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $69.76 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. As a group, analysts anticipate that Canadian Pacific Kansas City will post 3.05 earnings per share for the current 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 given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.75%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.93%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the last quarter. Addison Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth approximately $34,000. Asset Dedication LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth $38,000. Finally, Kennebec Savings Bank purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth $42,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.