Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) PT at $96.56

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given a consensus rating of “Moderate Buy” by the twenty-one analysts that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $96.56.

Several research analysts have commented on the company. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Stifel Nicolaus boosted their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Wells Fargo & Company began coverage on shares of Canadian Pacific Kansas City in a report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target for the company. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Finally, Sanford C. Bernstein upped their price objective on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $105,130,000. OLD National Bancorp IN raised its stake in shares of Canadian Pacific Kansas City by 3.4% in the fourth quarter. OLD National Bancorp IN now owns 7,311 shares of the transportation company’s stock valued at $578,000 after acquiring an additional 241 shares during the last quarter. Duality Advisers LP bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $985,000. Jennison Associates LLC raised its stake in shares of Canadian Pacific Kansas City by 26.3% in the fourth quarter. Jennison Associates LLC now owns 57,878 shares of the transportation company’s stock valued at $4,577,000 after acquiring an additional 12,036 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Canadian Pacific Kansas City by 23.4% in the fourth quarter. New York State Common Retirement Fund now owns 363,874 shares of the transportation company’s stock valued at $28,768,000 after acquiring an additional 69,000 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $82.56 on Thursday. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58. The firm has a fifty day simple moving average of $80.36 and a 200-day simple moving average of $82.60. 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 stock has a market capitalization of $77.03 billion, a price-to-earnings ratio of 26.46, 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 results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the business posted $0.62 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts expect 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. Shareholders of record on Friday, September 27th will be issued a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is presently 17.31%.

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.