Kansas City Southern (KSU) PT Raised to $105.00

Kansas City Southern (NYSE:KSU) had its price target upped by analysts at Barclays PLC from $100.00 to $105.00 in a report issued on Monday, October 23rd. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays PLC’s price target would suggest a potential upside of 0.19% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group lifted their target price on shares of Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, October 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $109.00 target price on shares of Kansas City Southern in a research note on Monday, October 23rd. Morgan Stanley lifted their target price on shares of Kansas City Southern from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Cowen and Company boosted their price objective on shares of Kansas City Southern from $111.00 to $113.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Finally, Loop Capital reissued a “buy” rating and set a $124.00 price objective (up previously from $118.00) on shares of Kansas City Southern in a research note on Monday, October 23rd. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $113.31.

Kansas City Southern (KSU) opened at $104.80 on Monday. The company has a market cap of $10,897.91, a price-to-earnings ratio of 21.18, a P/E/G ratio of 1.55 and a beta of 0.84. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.53.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $653.00 million for the quarter, compared to analyst estimates of $651.95 million. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. analysts forecast that Kansas City Southern will post 5.21 earnings per share for the current year.

Kansas City Southern announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 15th that allows the company to buyback $800.00 million in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: This piece was first published by BBNS and is the property of of BBNS. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/barclays-plc-boosts-kansas-city-southern-ksu-price-target-to-105-00/1731568.html.

In related news, SVP Mary K. Stadler sold 4,451 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $105.87, for a total transaction of $471,227.37. Following the completion of the transaction, the senior vice president now owns 8,814 shares in the company, valued at $933,138.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry J. Maier bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $106.19 per share, with a total value of $318,570.00. Following the transaction, the director now owns 4,159 shares of the company’s stock, valued at approximately $441,644.21. The disclosure for this purchase can be found here. Insiders have sold 16,442 shares of company stock valued at $1,727,525 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of Kansas City Southern by 0.7% during the third quarter. Wells Fargo & Company MN now owns 2,404,732 shares of the transportation company’s stock worth $261,346,000 after acquiring an additional 16,177 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Kansas City Southern during the third quarter worth $519,000. Twin Capital Management Inc. bought a new position in shares of Kansas City Southern during the third quarter worth $2,034,000. Schroder Investment Management Group boosted its position in shares of Kansas City Southern by 46.1% during the third quarter. Schroder Investment Management Group now owns 42,756 shares of the transportation company’s stock worth $4,626,000 after acquiring an additional 13,492 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Kansas City Southern by 7.5% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,574 shares of the transportation company’s stock worth $932,000 after acquiring an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 85.84% of the company’s stock.

Kansas City Southern Company Profile

Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.

Analyst Recommendations for Kansas City Southern (NYSE:KSU)

Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with our FREE daily email newsletter.

 


Latest News

Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Brandon Morrow Becomes Hot Commodity
Brandon Morrow Becomes Hot Commodity
Red Sox Want Sluggers, Giancarlo Stanton May Become Available
Red Sox Want Sluggers, Giancarlo Stanton May Become Available
Rangers Able to Pay More for Shohei Otani Than Others
Rangers Able to Pay More for Shohei Otani Than Others


Leave a Reply

 
© 2006-2017 BBNS.