Canadian Pacific Kansas City (NYSE:CP) Reaches New 1-Year Low – Should You Sell?

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $71.94 and last traded at $71.94, with a volume of 423166 shares. The stock had previously closed at $73.01.

Analyst Upgrades and Downgrades

A number of research firms have commented on CP. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Bank of America cut their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Tuesday. Stephens cut their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Finally, Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.88.

Canadian Pacific Kansas City Trading Up 1.6 %

The firm’s 50-day simple moving average is $76.65 and its 200 day simple moving average is $79.70. The firm has a market cap of $67.45 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the company posted $0.69 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.00%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. S&CO Inc. lifted its stake in Canadian Pacific Kansas City by 183.3% in the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after purchasing an additional 11,000 shares in the last quarter. Swiss National Bank raised its holdings in shares of Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after acquiring an additional 23,000 shares in the last quarter. Barclays PLC raised its holdings in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after acquiring an additional 81,111 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $11,810,000. Finally, Toronto Dominion Bank grew its holdings in shares of Canadian Pacific Kansas City by 20.4% during the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after purchasing an additional 352,534 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.