Canadian Pacific Kansas City Limited (NYSE:CP) Receives $91.69 Average Price Target from Brokerages

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $91.6923.

CP has been the topic of several analyst reports. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Evercore ISI dropped their price target on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada cut their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $75.11 on Wednesday. The firm has a 50-day moving average of $73.28 and a two-hundred day moving average of $76.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The stock has a market cap of $67.39 billion, a P/E ratio of 22.90, a PEG ratio of 1.90 and a beta of 1.11. Canadian Pacific Kansas City has a 1-year low of $66.49 and a 1-year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period in the previous year, the firm posted $0.99 earnings per share. On average, research analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. The ex-dividend date is Wednesday, December 31st. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 20.12%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently made changes to their positions in CP. Twin Peaks Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the second quarter worth $27,000. Caldwell Trust Co bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $30,000. Wealth Watch Advisors INC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $36,000. Cornerstone Planning Group LLC boosted its holdings in shares of Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $35,000. 72.20% of the stock is currently owned by 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.