Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $90.00
by Mitch Edgeman · The Markets DailyCanadian Pacific Kansas City (NYSE:CP – Free Report) (TSE:CP) had its price objective hoisted by Sanford C. Bernstein from $85.41 to $90.00 in a report issued on Tuesday morning,Benzinga reports. Sanford C. Bernstein currently has a market perform rating on the transportation company’s stock.
CP has been the subject of several other research reports. Barclays decreased their price objective on Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, March 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Citigroup lowered their price target on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.82.
Get Our Latest Research Report on CP
Canadian Pacific Kansas City Trading Up 1.2%
NYSE CP opened at $78.93 on Tuesday. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $89.42. The company has a 50 day moving average price of $81.06 and a 200 day moving average price of $76.12. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The firm has a market cap of $70.82 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.07.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.
Canadian Pacific Kansas City Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is 20.74%.
Hedge Funds Weigh In On Canadian Pacific Kansas City
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CP. Purpose Unlimited Inc. acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $1,403,000. World Investment Advisors grew its stake in Canadian Pacific Kansas City by 49.3% during the 4th quarter. World Investment Advisors now owns 8,537 shares of the transportation company’s stock valued at $629,000 after purchasing an additional 2,818 shares during the last quarter. Bayban acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $149,000. Rehmann Capital Advisory Group increased its holdings in shares of Canadian Pacific Kansas City by 42.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 4,287 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 1,275 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Canadian Pacific Kansas City by 256.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,329 shares of the transportation company’s stock worth $171,000 after purchasing an additional 1,676 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
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.