Canadian Pacific Kansas City (NYSE:CP) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a sell rating to a hold rating in a report released on Monday morning.

CP has been the topic of several other research reports. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Jefferies Financial Group set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Finally, Evercore cut their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Trading Down 0.4%

CP opened at $84.76 on Monday. The stock has a 50-day moving average of $75.95 and a 200 day moving average of $74.77. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 12 month low of $66.49 and a 12 month high of $85.92. The firm has a market cap of $76.09 billion, a P/E ratio of 26.24, a P/E/G ratio of 1.81 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 earnings per share. As a group, research analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is currently 20.43%.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after purchasing an additional 2,940 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at about $35,000. Sivia Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at about $206,000. Forum Financial Management LP grew its position in shares of Canadian Pacific Kansas City by 10.9% in the 2nd quarter. Forum Financial Management LP now owns 4,238 shares of the transportation company’s stock worth $336,000 after buying an additional 418 shares during the last quarter. Finally, Sage Mountain Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $224,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.