Canadian Pacific Kansas City Limited (NYSE:CP) Receives $95.45 Average PT from Brokerages

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have received an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $95.45.

A number of research firms have commented on CP. Citigroup raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada raised their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th.

Canadian Pacific Kansas City Trading Up 3.5 %

NYSE:CP opened at $75.27 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $70.28 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.00 and a beta of 0.98. The firm has a fifty day simple moving average of $76.92 and a two-hundred day simple moving average of $78.19. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $90.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Analysts expect that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently added to or reduced their stakes in the stock. Addison Advisors LLC increased its holdings in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City during the third quarter worth about $34,000. Bernard Wealth Management Corp. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $31,000. Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City 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.