Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) PT at $94.68

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $94.68.

CP has been the subject of several recent research reports. Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Citigroup upped their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price target 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, January 7th. Finally, Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd.

Canadian Pacific Kansas City Stock Down 0.3 %

Shares of NYSE CP opened at $70.26 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $75.73 and a 200 day moving average price of $76.87. Canadian Pacific Kansas City has a 52 week low of $68.00 and a 52 week high of $89.26. The stock has a market capitalization of $65.60 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities research analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of large investors have recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $33,000. Stonebridge Financial Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $36,000. Finally, Millstone Evans Group LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter valued at $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.