Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $93.00
by Sarita Garza · The Markets DailyCanadian Pacific Kansas City (NYSE:CP – Free Report) (TSE:CP) had its target price hoisted by Citigroup from $86.00 to $93.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the transportation company’s stock.
Other equities analysts also recently issued research reports about the company. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Barclays dropped their target price on Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, March 27th. Evercore dropped their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Finally, Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.45.
View Our Latest Analysis on CP
Canadian Pacific Kansas City Price Performance
NYSE CP opened at $81.32 on Tuesday. The stock’s 50-day moving average price is $81.77 and its two-hundred day moving average price is $76.28. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The company has a market cap of $72.56 billion, a PE ratio of 25.18, a PEG ratio of 1.74 and a beta of 1.07. Canadian Pacific Kansas City has a 1 year low of $68.42 and a 1 year high of $89.42.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.Canadian Pacific Kansas City’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 EPS. On average, analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current year.
Canadian Pacific Kansas City Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is presently 20.74%.
Institutional Investors Weigh In On Canadian Pacific Kansas City
Several large investors have recently made changes to their positions in CP. Prosperity Bancshares Inc bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $29,000. Caldwell Trust Co bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $30,000. McMillan Office Inc. bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $31,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Institutional investors own 72.20% of the company’s stock.
About Canadian Pacific Kansas City
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.