Canadian Pacific Kansas City (NYSE:CP) Given New $91.00 Price Target at Barclays

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target trimmed by Barclays from $93.00 to $91.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Several other brokerages have also issued reports on CP. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Evercore reduced their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Trading Down 1.1%

Shares of Canadian Pacific Kansas City stock opened at $78.22 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. Canadian Pacific Kansas City has a 1 year low of $66.49 and a 1 year high of $89.42. The firm has a market cap of $70.23 billion, a PE ratio of 24.22, a PEG ratio of 1.61 and a beta of 1.06. The company has a 50 day simple moving average of $80.54 and a two-hundred day simple moving average of $76.03.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.Canadian Pacific Kansas City’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. Analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.43%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CP. Purpose Unlimited Inc. bought a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $1,403,000. World Investment Advisors increased its stake in Canadian Pacific Kansas City by 49.3% in the 4th quarter. World Investment Advisors now owns 8,537 shares of the transportation company’s stock worth $629,000 after purchasing an additional 2,818 shares during the period. Bayban bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $149,000. Rehmann Capital Advisory Group lifted its position in Canadian Pacific Kansas City by 42.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 4,287 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Canadian Pacific Kansas City by 256.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,329 shares of the transportation company’s stock valued at $171,000 after purchasing an additional 1,676 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.