BMO Capital Markets Reiterates “Hold” Rating for Kansas City Southern (KSU)

Kansas City Southern (NYSE:KSU)‘s stock had its “hold” rating reaffirmed by stock analysts at BMO Capital Markets in a report issued on Wednesday, May 24th. They presently have a $92.00 price target on the transportation company’s stock. BMO Capital Markets’ price objective indicates a potential downside of 11.39% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Kansas City Southern from $101.00 to $96.00 and set a “buy” rating on the stock in a report on Wednesday, April 26th. Citigroup Inc. dropped their price objective on shares of Kansas City Southern from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Tuesday, April 25th. Cowen and Company boosted their price objective on shares of Kansas City Southern from $94.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, April 24th. Royal Bank of Canada reissued a “buy” rating and set a $114.00 price objective on shares of Kansas City Southern in a report on Tuesday, April 11th. Finally, Loop Capital reissued a “buy” rating on shares of Kansas City Southern in a report on Saturday, March 25th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Kansas City Southern has an average rating of “Hold” and a consensus price target of $100.25.

Analyst Recommendations for Kansas City Southern (NYSE:KSU)

Kansas City Southern (NYSE:KSU) traded up 1.93% during trading on Wednesday, reaching $103.83. The company had a trading volume of 1,586,971 shares. The stock has a 50 day moving average of $94.05 and a 200-day moving average of $88.19. The stock has a market capitalization of $11.01 billion, a P/E ratio of 21.55 and a beta of 0.83. Kansas City Southern has a 12-month low of $79.05 and a 12-month high of $103.88.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings results on Friday, April 21st. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.01. Kansas City Southern had a net margin of 21.71% and a return on equity of 11.30%. The business had revenue of $609.50 million for the quarter, compared to analyst estimates of $600.66 million. During the same period in the previous year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts forecast that Kansas City Southern will post $5.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 12th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, June 8th. This represents a $1.32 annualized dividend and a dividend yield of 1.27%. Kansas City Southern’s dividend payout ratio (DPR) is presently 27.39%.

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In related news, Director Robert J. Druten sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total transaction of $323,995.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.95% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KSU. Virginia Retirement Systems ET AL increased its position in Kansas City Southern by 287.5% in the third quarter. Virginia Retirement Systems ET AL now owns 15,500 shares of the transportation company’s stock valued at $1,446,000 after buying an additional 11,500 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Kansas City Southern during the third quarter valued at about $892,000. Mar Vista Investment Partners LLC boosted its stake in shares of Kansas City Southern by 40.8% in the third quarter. Mar Vista Investment Partners LLC now owns 704,476 shares of the transportation company’s stock valued at $65,742,000 after buying an additional 203,963 shares in the last quarter. Decatur Capital Management Inc. acquired a new stake in shares of Kansas City Southern during the third quarter valued at about $15,838,000. Finally, Rikoon Group LLC acquired a new stake in shares of Kansas City Southern during the third quarter valued at about $1,568,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

About Kansas City Southern

Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.

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