Canadian Pacific Kansas City (NYSE:CP) Issues Earnings Results

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) released its earnings results on Wednesday. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01), reports. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded down $0.41 during midday trading on Friday, reaching $81.68. 1,717,833 shares of the stock were exchanged, compared to its average volume of 1,899,530. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The company has a market cap of $76.18 billion, a P/E ratio of 26.17, a PEG ratio of 2.12 and a beta of 0.94. The stock’s 50 day simple moving average is $87.04 and its 200 day simple moving average is $79.80.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Analysts Set New Price Targets

A number of research firms have issued reports on CP. Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Thursday. Barclays upped their price target on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Evercore lowered their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Finally, StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.42.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CP. Sands Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth $31,000. AdvisorNet Financial Inc grew its position in Canadian Pacific Kansas City by 452.1% in the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 425 shares during the last quarter. Anchor Investment Management LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $40,000. Independence Bank of Kentucky bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $43,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $45,000. 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.