Morgan Stanley Reiterates Equal Weight Rating for Kansas City Southern (KSU)
Kansas City Southern (NYSE:KSU)‘s stock had its “equal weight” rating restated by stock analysts at Morgan Stanley in a note issued to investors on Monday. They presently have a $88.00 price target on the transportation company’s stock, down from their previous price target of $93.00. Morgan Stanley’s target price indicates a potential downside of 17.60% from the stock’s previous close.
Several other analysts have also issued reports on the stock. BidaskClub raised shares of Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Cowen and Company reaffirmed a “market perform” rating and issued a $104.00 price objective (up from $95.00) on shares of Kansas City Southern in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $118.00 price objective (up from $114.00) on shares of Kansas City Southern in a report on Friday, August 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $105.00 price objective (up from $98.00) on shares of Kansas City Southern in a research note on Tuesday, July 25th. Finally, Aegis lifted their price objective on shares of Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, June 19th. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Kansas City Southern presently has a consensus rating of “Buy” and a consensus target price of $106.00.
Shares of Kansas City Southern (NYSE:KSU) opened at 106.80 on Monday. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13. The firm’s 50-day moving average is $105.96 and its 200 day moving average is $98.32. The firm has a market capitalization of $11.26 billion, a P/E ratio of 21.49 and a beta of 0.81.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.07. The business had revenue of $656.40 million for the quarter, compared to analysts’ expectations of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 EPS. On average, equities research analysts anticipate that Kansas City Southern will post $5.20 EPS for the current year.
Kansas City Southern announced that its board has initiated a share repurchase program on Tuesday, August 15th that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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In other news, Director Henry J. Maier bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average price of $106.19 per share, for a total transaction of $318,570.00. Following the transaction, the director now directly owns 4,159 shares of the company’s stock, valued at approximately $441,644.21. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $102.93, for a total value of $617,580.00. Following the completion of the sale, the insider now owns 42,087 shares of the company’s stock, valued at approximately $4,332,014.91. The disclosure for this sale can be found here. Insiders sold 14,469 shares of company stock valued at $1,522,510 over the last quarter. 0.95% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. UBS Asset Management Americas Inc. grew its position in Kansas City Southern by 10.0% during the first quarter. UBS Asset Management Americas Inc. now owns 277,259 shares of the transportation company’s stock valued at $23,778,000 after acquiring an additional 25,172 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Kansas City Southern by 2.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after acquiring an additional 52 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Kansas City Southern by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock worth $189,000 after acquiring an additional 66 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Kansas City Southern by 35.8% in the 1st quarter. Victory Capital Management Inc. now owns 14,603 shares of the transportation company’s stock worth $1,252,000 after acquiring an additional 3,848 shares during the last quarter. Finally, InterOcean Capital LLC bought a new stake in shares of Kansas City Southern in the 1st quarter worth approximately $6,411,000. 84.59% 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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