Canadian Pacific Kansas City Limited (NYSE:CP) Receives $92.94 Average Price Target from Brokerages

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been assigned an average recommendation of “Hold” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $92.94.

CP has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday. Citigroup lifted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, TD Securities downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th.

Canadian Pacific Kansas City Stock Up 1.4 %

Shares of NYSE:CP opened at $88.47 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $84.90 and a 200 day simple moving average of $78.20. The firm has a market cap of $82.49 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 2.64 and a beta of 0.94. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. On average, equities research analysts anticipate that Canadian Pacific Kansas City will post 3.22 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is currently 18.15%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently modified their holdings of the stock. Carolinas Wealth Consulting LLC bought a new stake in Canadian Pacific Kansas City in the second quarter worth about $25,000. Stonebridge Capital Advisors LLC raised its position in Canadian Pacific Kansas City by 750.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Canadian Pacific Kansas City in the third quarter worth about $29,000. Sands Capital Management LLC bought a new stake in Canadian Pacific Kansas City in the third quarter worth about $31,000. Finally, AdvisorNet Financial Inc raised its position in Canadian Pacific Kansas City by 452.1% in the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock worth $39,000 after acquiring an additional 425 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.