Canadian Pacific Kansas City Limited (NYSE:CP) Receives $104.91 Consensus PT from Analysts

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $104.9091.

A number of equities analysts recently issued reports on CP shares. ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Argus set a $105.00 target price on Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Susquehanna lifted their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th.

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently made changes to their positions in CP. Prosperity Bancshares Inc bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $31,000. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter valued at about $35,000. Finally, Wealth Watch Advisors INC acquired a new stake in Canadian Pacific Kansas City during the third quarter worth about $36,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $92.40 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average is $88.86 and its 200 day moving average is $83.39. The stock has a market cap of $81.78 billion, a PE ratio of 28.52, a PEG ratio of 1.84 and a beta of 1.10. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $93.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Research analysts anticipate that Canadian Pacific Kansas City will post 3.69 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 24.07%.

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.