Kansas City Southern (NYSE:KSU) Upgraded to Buy at Deutsche Bank

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Deutsche Bank upgraded shares of Kansas City Southern (NYSE:KSU) from a hold rating to a buy rating in a research note issued to investors on Monday, October 15th, The Fly reports. They currently have $120.00 price objective on the transportation company’s stock.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Kansas City Southern from a hold rating to a sell rating in a report on Monday, September 24th. Cowen raised shares of Kansas City Southern from a market perform rating to an outperform rating and boosted their target price for the company from $124.00 to $138.00 in a research report on Wednesday, August 29th. Raymond James boosted their target price on shares of Kansas City Southern from $128.00 to $133.00 and gave the company a strong-buy rating in a research report on Friday, August 31st. Bank of America reduced their target price on shares of Kansas City Southern from $134.00 to $130.00 and set a buy rating for the company in a research report on Monday, October 1st. Finally, Morgan Stanley boosted their target price on shares of Kansas City Southern from $108.00 to $112.00 and gave the company a hold rating in a research report on Tuesday, October 9th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $125.17.

Shares of NYSE:KSU traded down $1.64 on Monday, hitting $102.42. The company had a trading volume of 1,455,649 shares, compared to its average volume of 1,463,877. Kansas City Southern has a 1-year low of $97.46 and a 1-year high of $120.34. The company has a market cap of $10.54 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.99.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, October 19th. The transportation company reported $1.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.57. Kansas City Southern had a net margin of 37.98% and a return on equity of 11.98%. The firm had revenue of $699.00 million for the quarter, compared to the consensus estimate of $708.19 million. During the same period in the previous year, the company earned $1.35 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Kansas City Southern will post 6.02 earnings per share for the current year.

In other news, VP Suzanne M. Grafton sold 729 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $119.78, for a total value of $87,319.62. Following the completion of the transaction, the vice president now owns 10,580 shares of the company’s stock, valued at $1,267,272.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lu M. Cordova sold 1,000 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $118.93, for a total transaction of $118,930.00. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. bought a new position in shares of Kansas City Southern in the second quarter worth about $101,000. FNY Investment Advisers LLC bought a new position in shares of Kansas City Southern in the second quarter worth about $105,000. TRUE Private Wealth Advisors bought a new position in shares of Kansas City Southern in the third quarter worth about $118,000. Stratos Wealth Partners LTD. acquired a new position in shares of Kansas City Southern in the third quarter valued at approximately $128,000. Finally, Palo Capital Inc. acquired a new position in shares of Kansas City Southern in the third quarter valued at approximately $134,000. 87.83% of the stock is owned by hedge funds and other institutional investors.

Kansas City Southern Company Profile

Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It serves a ten-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.

Further Reading: Consumer behavior in bull markets

The Fly

Analyst Recommendations for Kansas City Southern (NYSE:KSU)

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