Citigroup Analysts Give Canadian Pacific Kansas City (NYSE:CP) a $88.00 Price Target

Citigroup set a $88.00 target price on Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other equities research analysts have also weighed in on CP. Royal Bank Of Canada dropped their price target on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Evercore ISI decreased their price objective on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $92.36.

Canadian Pacific Kansas City Trading Down 0.9%

Shares of CP opened at $71.58 on Thursday. Canadian Pacific Kansas City has a 1-year low of $66.49 and a 1-year high of $83.65. The firm has a market capitalization of $64.22 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 1.57 and a beta of 1.10. The firm’s 50-day moving average price is $72.52 and its 200-day moving average price is $75.02. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the business earned $0.99 earnings per share. Sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. The ex-dividend date is Wednesday, December 31st. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new position in Canadian Pacific Kansas City in the second quarter worth about $27,000. Caldwell Trust Co bought a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $30,000. Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $36,000. Cornerstone Planning Group LLC raised its holdings in Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after acquiring an additional 335 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.