Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) PT at $96.32

Shares of Canadian Pacific Kansas City Limited (NYSE:CPGet Free Report) (TSE:CP) have earned an average rating of “Hold” from the twenty-three analysts that are presently covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $95.95.

Several brokerages have issued reports on CP. Bank of America lowered their target price on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price target on the stock. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Finally, Evercore reduced their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th.

Read Our Latest Report on Canadian Pacific Kansas City

Institutional Trading of Canadian Pacific Kansas City

Institutional investors and hedge funds have recently bought and sold shares of the business. YCG LLC increased its stake in Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after purchasing an additional 91,276 shares during the period. JARISLOWSKY FRASER Ltd grew its position in shares of Canadian Pacific Kansas City by 63.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock worth $7,127,000 after buying an additional 34,856 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Canadian Pacific Kansas City by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after buying an additional 12,748 shares in the last quarter. Meritage Group LP acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $207,850,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Canadian Pacific Kansas City by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock worth $24,525,000 after buying an additional 14,557 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 1.8 %

Shares of CP opened at $78.46 on Wednesday. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $79.29 and its two-hundred day moving average is $82.31. The stock has a market cap of $73.20 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Research analysts forecast that Canadian Pacific Kansas City will post 3.15 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.63%.

Canadian Pacific Kansas City Company Profile

(Get Free Report

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.

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Analyst Recommendations for Canadian Pacific Kansas City (NYSE:CP)

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