Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 7,260,000 shares, a decline of 14.2% from the July 15th total of 8,460,000 shares. Based on an average trading volume of 2,190,000 shares, the days-to-cover ratio is presently 3.3 days.
Wall Street Analyst Weigh In
CP has been the topic of several analyst reports. Raymond James boosted their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Bank of America cut their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Jefferies Financial Group cut their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Barclays cut their price objective on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.56.
Check Out Our Latest Research Report on CP
Institutional Investors Weigh In On Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Up 0.1 %
Shares of CP traded up $0.05 during midday trading on Monday, reaching $79.09. 391,860 shares of the stock were exchanged, compared to its average volume of 2,127,507. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $79.79 and its two-hundred day moving average is $82.76. The company has a market capitalization of $73.80 billion, a P/E ratio of 25.33, a PEG ratio of 2.27 and a beta of 0.96.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.11 earnings per share for the current year.
Canadian Pacific Kansas City Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.31%.
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.
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