Canadian Pacific Kansas City Limited (NYSE:CP) Receives $91.69 Average Price Target from Analysts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $92.3636.

CP has been the topic of a number of recent analyst reports. Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Royal Bank Of Canada dropped their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $71.58 on Friday. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $83.65. The firm has a market capitalization of $64.22 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10. The business has a 50 day simple moving average of $72.52 and a 200 day simple moving average of $75.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm earned $0.99 EPS. On average, equities research analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be paid a $0.228 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. NorthCrest Asset Manangement LLC lifted its holdings in Canadian Pacific Kansas City by 2.5% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 233,187 shares of the transportation company’s stock valued at $16,955,000 after acquiring an additional 5,608 shares during the last quarter. Tuttle Capital Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 25.5% in the 4th quarter. Tuttle Capital Management LLC now owns 10,487 shares of the transportation company’s stock worth $772,000 after purchasing an additional 2,132 shares in the last quarter. Value Partners Investments Inc. raised its holdings in shares of Canadian Pacific Kansas City by 0.3% in the 4th quarter. Value Partners Investments Inc. now owns 517,216 shares of the transportation company’s stock worth $38,133,000 after purchasing an additional 1,521 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $37,000. Finally, WGI DM LLC bought a new stake in Canadian Pacific Kansas City during the third quarter worth approximately $31,401,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.