Canadian Pacific Kansas City (NYSE:CP) Stock Price Down 3.9%

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP)’s share price was down 3.9% during mid-day trading on Wednesday . The stock traded as low as $83.53 and last traded at $84.34. Approximately 991,825 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 2,036,416 shares. The stock had previously closed at $87.72.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CP shares. Stifel Nicolaus raised their price target on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a report on Friday, April 12th. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Barclays raised their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. TD Securities cut shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Raymond James increased their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Hold” and a consensus target price of $97.22.

Canadian Pacific Kansas City Stock Performance

The company’s 50 day simple moving average is $87.24 and its 200 day simple moving average is $79.71. The stock has a market cap of $77.12 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.22 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be paid a $0.1415 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 annualized dividend and a dividend yield of 0.68%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its holdings in shares of Canadian Pacific Kansas City by 452.1% during the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock worth $39,000 after purchasing an additional 425 shares during the period. Ritholtz Wealth Management raised its position in shares of Canadian Pacific Kansas City by 3.8% in the third quarter. Ritholtz Wealth Management now owns 6,790 shares of the transportation company’s stock valued at $505,000 after purchasing an additional 249 shares during the period. Arkadios Wealth Advisors raised its position in shares of Canadian Pacific Kansas City by 7.4% in the third quarter. Arkadios Wealth Advisors now owns 3,690 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 253 shares during the period. RFG Advisory LLC increased its position in Canadian Pacific Kansas City by 6.0% during the third quarter. RFG Advisory LLC now owns 7,315 shares of the transportation company’s stock worth $544,000 after acquiring an additional 417 shares during the period. Finally, Capital Investment Advisors LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth $259,000. 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.