Canadian Pacific Kansas City Limited (NYSE:CP) Receives $108.60 Consensus Target Price from Brokerages

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $108.60.

CP has been the subject of several recent research reports. Evercore set a $99.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Citizens Jmp assumed coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $145.00 price objective (up from $139.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Susquehanna raised their price objective on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $88.80 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $91.69 and its 200 day moving average price is $87.28. Canadian Pacific Kansas City has a 52-week low of $68.42 and a 52-week high of $96.90. The firm has a market cap of $78.00 billion, a P/E ratio of 28.55, a PEG ratio of 1.83 and a beta of 1.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. Canadian Pacific Kansas City’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 EPS. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is 24.76%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently modified their holdings of CP. Integrated Wealth Concepts LLC increased its stake in Canadian Pacific Kansas City by 24.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,773 shares of the transportation company’s stock worth $1,540,000 after purchasing an additional 3,438 shares in the last quarter. RFG Advisory LLC lifted its stake in Canadian Pacific Kansas City by 2.3% during the second quarter. RFG Advisory LLC now owns 7,499 shares of the transportation company’s stock valued at $650,000 after buying an additional 168 shares in the last quarter. Waverly Advisors LLC lifted its stake in Canadian Pacific Kansas City by 2.2% during the second quarter. Waverly Advisors LLC now owns 10,795 shares of the transportation company’s stock valued at $935,000 after buying an additional 231 shares in the last quarter. Nykredit A S acquired a new position in shares of Canadian Pacific Kansas City in the second quarter worth about $17,616,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 1.4% in the second quarter. HighTower Advisors LLC now owns 747,038 shares of the transportation company’s stock worth $64,731,000 after buying an additional 10,391 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.