Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $98.00

by · The Markets Daily

Canadian Pacific Kansas City (NYSE:CP – Free Report) (TSE:CP) had its target price boosted by Citigroup from $97.00 to $98.00 in a research report released on Thursday, BayStreet.CA reports. Citigroup currently has a buy rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Sanford C. Bernstein dropped their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Jefferies Financial Group dropped their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Finally, Bank of America dropped their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.95.

Check Out Our Latest Stock Report on Canadian Pacific Kansas City

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $77.11 on Thursday. Canadian Pacific Kansas City has a 1-year low of $69.07 and a 1-year high of $91.58. The stock has a market cap of $71.95 billion, a PE ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96. The firm has a 50-day simple moving average of $82.86 and a two-hundred day simple moving average of $81.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44.

Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. Canadian Pacific Kansas City’s revenue was up 6.3% on a year-over-year basis. As a group, analysts forecast that Canadian Pacific Kansas City will post 3.2 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 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors have recently bought and sold shares of the company. Delta Investment Management LLC grew its stake in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock worth $363,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust grew its stake in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the period. Tower View Wealth Management LLC grew its stake in shares of Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock worth $4,410,000 after purchasing an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in shares of Canadian Pacific Kansas City by 3.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock worth $355,000 after purchasing an additional 131 shares during the period. Finally, Trust Co. of Vermont grew its stake in shares of Canadian Pacific Kansas City by 4.7% during the 3rd quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after purchasing an additional 135 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

(Get Free Report)

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.

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