Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $87.00 at Barclays

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price trimmed by Barclays from $91.00 to $87.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

CP has been the topic of several other reports. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada upped their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.68.

Canadian Pacific Kansas City Stock Up 2.2 %

Shares of CP stock opened at $72.60 on Wednesday. Canadian Pacific Kansas City has a 52-week low of $68.00 and a 52-week high of $89.26. The stock has a market cap of $67.79 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.00 and a beta of 0.98. The firm’s 50-day moving average is $76.11 and its 200-day moving average is $77.17. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CP. Vanguard Group Inc. increased its position in Canadian Pacific Kansas City by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock worth $2,662,978,000 after purchasing an additional 491,966 shares in the last quarter. Causeway Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 76.5% during the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock worth $1,116,632,000 after buying an additional 6,687,770 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Canadian Pacific Kansas City by 1.8% during the fourth quarter. Mackenzie Financial Corp now owns 15,348,282 shares of the transportation company’s stock worth $1,110,111,000 after buying an additional 276,223 shares in the last quarter. Norges Bank bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Canadian Pacific Kansas City by 11.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company’s stock valued at $899,805,000 after acquiring an additional 1,262,913 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.