Canadian Pacific Kansas City Limited (NYSE:CP) Given Average Recommendation of “Moderate Buy” by Brokerages

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given a consensus rating of “Moderate Buy” by the eighteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $91.8036.

Several research firms recently issued reports on CP. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Susquehanna cut their price objective on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, September 25th. Stephens boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Citigroup boosted their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $75.84 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $68.78 billion, a P/E ratio of 23.63, a P/E/G ratio of 2.10 and a beta of 1.08. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $83.65. The stock’s fifty day moving average is $75.14 and its two-hundred day moving average is $76.32.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. Canadian Pacific Kansas City’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. Equities analysts expect that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 26th. This represents a $0.66 annualized dividend and a yield of 0.9%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.56%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several large investors have recently bought and sold shares of CP. Squarepoint Ops LLC increased its holdings in Canadian Pacific Kansas City by 165.7% during the 4th quarter. Squarepoint Ops LLC now owns 28,450 shares of the transportation company’s stock worth $2,059,000 after purchasing an additional 71,750 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Canadian Pacific Kansas City by 25.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 104,490 shares of the transportation company’s stock worth $7,562,000 after purchasing an additional 21,119 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Canadian Pacific Kansas City by 26.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,578 shares of the transportation company’s stock worth $111,000 after purchasing an additional 329 shares during the period. Legacy Wealth Management LLC MS acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth about $686,000. Finally, Versant Capital Management Inc boosted its position in shares of Canadian Pacific Kansas City by 446.7% during the 1st quarter. Versant Capital Management Inc now owns 3,794 shares of the transportation company’s stock worth $266,000 after acquiring an additional 3,100 shares in 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 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.