Canadian Pacific Kansas City Limited (NYSE:CP) Short Interest Down 14.2% in July

Canadian Pacific Kansas City Limited (NYSE:CP) (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.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $105,130,000. Vontobel Holding Ltd. raised its stake in shares of Canadian Pacific Kansas City by 66.7% in the fourth quarter. Vontobel Holding Ltd. now owns 17,508 shares of the transportation company’s stock worth $1,384,000 after purchasing an additional 7,004 shares during the last quarter. SVB Wealth LLC raised its stake in shares of Canadian Pacific Kansas City by 48.2% in the fourth quarter. SVB Wealth LLC now owns 4,423 shares of the transportation company’s stock worth $350,000 after purchasing an additional 1,439 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $201,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $206,000. Institutional investors own 72.20% of the company’s stock.

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) (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.