Kansas City Southern (NYSE:KSU) Stock Rating Lowered by BidaskClub
BidaskClub lowered shares of Kansas City Southern (NYSE:KSU) from a strong-buy rating to a buy rating in a research report report published on Friday morning.
KSU has been the topic of several other research reports. Credit Suisse Group raised Kansas City Southern from a neutral rating to an outperform rating and boosted their target price for the stock from $90.00 to $116.00 in a report on Friday, June 16th. Cowen and Company boosted their target price on Kansas City Southern from $94.00 to $95.00 and gave the stock a market perform rating in a report on Monday, April 24th. Stifel Nicolaus reissued a buy rating and set a $108.00 target price on shares of Kansas City Southern in a report on Friday, June 30th. Royal Bank Of Canada restated a buy rating and issued a $114.00 price target on shares of Kansas City Southern in a research report on Tuesday, April 11th. Finally, Citigroup Inc. decreased their price target on shares of Kansas City Southern from $103.00 to $99.00 and set a buy rating on the stock in a research report on Tuesday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $103.31.
Shares of Kansas City Southern (NYSE:KSU) traded down 2.195% during trading on Friday, hitting $100.925. The stock had a trading volume of 472,690 shares. The firm has a market cap of $10.64 billion, a P/E ratio of 20.311 and a beta of 0.80. Kansas City Southern has a one year low of $79.05 and a one year high of $106.35. The firm’s 50-day moving average is $103.30 and its 200-day moving average is $92.34.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The company had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $627.81 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities research analysts forecast that Kansas City Southern will post $5.21 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Monday, June 12th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, June 8th. Kansas City Southern’s payout ratio is presently 26.51%.
In related news, Director Robert J. Druten sold 3,500 shares of Kansas City Southern stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.95% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in KSU. WFG Advisors LP raised its stake in Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock valued at $112,000 after buying an additional 302 shares during the last quarter. Financial Architects Inc raised its stake in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock valued at $131,000 after buying an additional 1,115 shares during the last quarter. V Wealth Management LLC acquired a new stake in Kansas City Southern during the second quarter valued at about $169,000. Pacer Advisors Inc. raised its stake in Kansas City Southern by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock valued at $189,000 after buying an additional 66 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock valued at $194,000 after buying an additional 52 shares during the last quarter. 86.26% of the stock is owned by institutional investors and hedge funds.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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