Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $79.00 by Analysts at Stifel Nicolaus

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective reduced by Stifel Nicolaus from $85.00 to $79.00 in a research note published on Monday,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Other equities analysts have also recently issued reports about the company. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Finally, Susquehanna reduced their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.75.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $74.10 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City has a one year low of $66.49 and a one year high of $88.31. The firm has a market capitalization of $68.93 billion, a P/E ratio of 25.55, a PEG ratio of 2.00 and a beta of 1.01. The business has a fifty day moving average price of $74.54 and a 200-day moving average price of $76.11.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, equities research analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Institutional Inflows and Outflows

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