Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $91.00 by Analysts at Citigroup

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target reduced by Citigroup from $98.00 to $91.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities analysts also recently weighed in on CP. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their target price for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Jefferies Financial Group cut their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Stephens reduced their target price on shares of 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. Stifel Nicolaus dropped 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 research note on Friday, October 11th. Finally, Evercore ISI increased their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $93.68.

Canadian Pacific Kansas City Trading Down 2.5 %

NYSE CP opened at $74.00 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $69.06 billion, a P/E ratio of 26.51, a PEG ratio of 2.25 and a beta of 0.98. The firm’s 50-day moving average is $81.62 and its two-hundred day moving average is $80.67. Canadian Pacific Kansas City has a 12 month low of $69.27 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share 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 company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is 20.00%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently added to or reduced their stakes in CP. Encompass Capital Advisors LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter valued at $11,810,000. Cetera Investment Advisers increased its stake in Canadian Pacific Kansas City by 272.0% during the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after purchasing an additional 40,380 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $2,629,000. Raymond James & Associates grew its position in shares of Canadian Pacific Kansas City by 1.5% during the 2nd quarter. Raymond James & Associates now owns 778,881 shares of the transportation company’s stock valued at $61,321,000 after buying an additional 11,416 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Canadian Pacific Kansas City by 398.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after acquiring an additional 1,678,784 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.