Canadian Pacific Kansas City Limited (NYSE:CP) Short Interest Update

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 9,550,000 shares, a decline of 17.1% from the February 13th total of 11,520,000 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,860,000 shares, the days-to-cover ratio is currently 3.3 days.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research reports. Barclays dropped their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Citigroup lifted their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Stephens lifted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Down 1.4 %

NYSE CP traded down $1.02 during trading on Tuesday, reaching $74.27. 3,991,918 shares of the company’s stock were exchanged, compared to its average volume of 2,366,373. The stock has a market cap of $69.34 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company has a 50 day moving average price of $76.90 and a two-hundred day moving average price of $78.14. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $90.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, equities research analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Canadian Pacific Kansas City by 25.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 104,490 shares of the transportation company’s stock valued at $7,562,000 after purchasing an additional 21,119 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.7% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 216,998 shares of the transportation company’s stock valued at $15,704,000 after purchasing an additional 3,589 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $14,583,000. Bernard Wealth Management Corp. purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. Finally, Bristol John W & Co. Inc. NY lifted its holdings in shares of Canadian Pacific Kansas City by 28.6% in the 4th quarter. Bristol John W & Co. Inc. NY now owns 1,573,144 shares of the transportation company’s stock valued at $113,848,000 after purchasing an additional 349,795 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

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.