The Goldman Sachs Group, Inc. started coverage on shares of Kansas City Southern (NYSE:KSU) in a research note published on Monday, Marketbeat.com reports. The firm issued a neutral rating and a $109.00 price target on the transportation company’s stock.
A number of other equities analysts have also recently weighed in on KSU. Cowen and Company increased their target price on shares of Kansas City Southern from $111.00 to $113.00 and gave the company a market perform rating in a research report on Monday, October 23rd. Credit Suisse Group upped their price objective on shares of Kansas City Southern from $122.00 to $124.00 and gave the company an outperform rating in a report on Monday, October 23rd. Zacks Investment Research raised shares of Kansas City Southern from a hold rating to a buy rating and set a $115.00 price objective for the company in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a buy rating and set a $118.00 target price on shares of Kansas City Southern in a research note on Thursday, September 21st. Finally, BMO Capital Markets reissued a hold rating and issued a $109.00 price objective on shares of Kansas City Southern in a research note on Monday, October 23rd. Nine 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 company. The stock currently has a consensus rating of Buy and an average price target of $113.06.
Kansas City Southern (NYSE KSU) opened at $103.52 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of $10,579.00, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.51 and a beta of 0.84. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $109.13.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, October 20th. The transportation company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.03. The company had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $651.95 million. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. equities analysts predict that Kansas City Southern will post 5.21 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.39%. Kansas City Southern’s payout ratio is currently 28.29%.
Kansas City Southern announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 15th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other Kansas City Southern news, Director Antonio O. Garza sold 4,018 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $107.94, for a total transaction of $433,702.92. Following the sale, the director now directly owns 4,920 shares in the company, valued at approximately $531,064.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $102.93, for a total transaction of $617,580.00. Following the sale, the insider now owns 42,087 shares in the company, valued at $4,332,014.91. The disclosure for this sale can be found here. Insiders have sold a total of 11,991 shares of company stock worth $1,256,297 over the last 90 days. Insiders own 0.95% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Gofen & Glossberg LLC IL boosted its position in shares of Kansas City Southern by 0.4% during the 3rd quarter. Gofen & Glossberg LLC IL now owns 135,508 shares of the transportation company’s stock worth $14,727,000 after purchasing an additional 490 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of Kansas City Southern during the 3rd quarter worth $358,000. RWC Asset Management LLP raised its stake in shares of Kansas City Southern by 22.3% during the 3rd quarter. RWC Asset Management LLP now owns 163,875 shares of the transportation company’s stock worth $17,810,000 after buying an additional 29,870 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Kansas City Southern during the 3rd quarter worth $584,000. Finally, California Public Employees Retirement System raised its stake in shares of Kansas City Southern by 10.2% during the 3rd quarter. California Public Employees Retirement System now owns 235,677 shares of the transportation company’s stock worth $25,613,000 after buying an additional 21,777 shares during the last quarter. Institutional investors own 85.74% of the company’s stock.
About Kansas City Southern
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.
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