Canadian Pacific Kansas City Limited (CP) – What Are Brokerages Thinking About This Stock?

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has received a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $111.83.

CP has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Finally, BMO Capital Markets boosted their price objective on shares of Canadian Pacific Kansas City to $142.00 and gave the company an “outperform” rating in a report on Monday, June 15th.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $802,983,000. The Manufacturers Life Insurance Company acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $657,672,000. Legal & General Group Plc acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $604,797,000. Jupiter Topco LLC purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $576,687,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $542,469,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.2%

Shares of CP opened at $84.53 on Tuesday. Canadian Pacific Kansas City has a 52-week low of $68.42 and a 52-week high of $96.90. The company has a market capitalization of $73.97 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13. The stock has a fifty day simple moving average of $90.02 and a two-hundred day simple moving average of $87.60. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. As a group, equities analysts forecast that Canadian Pacific Kansas City will post 3.70 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a dividend of C$0.27 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.3%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 24.76%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.