Canadian Pacific Kansas City Limited (NYSE:CP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $108.60.

A number of brokerages have issued reports on CP. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Barclays set a $102.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Evercore set a $99.00 price target on Canadian Pacific Kansas City in a report on Thursday, July 30th.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently made changes to their positions in CP. Fiduciary Financial Advisors purchased a new stake in Canadian Pacific Kansas City in the second quarter worth $25,000. Prosperity Bancshares Inc purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at $26,000. Gilpin Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at $29,000. McMillan Office Inc. bought a new position in Canadian Pacific Kansas City in the 4th quarter worth $31,000. Finally, Wealth Watch Advisors INC bought a new position in Canadian Pacific Kansas City in the 3rd quarter worth $36,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $96.81 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. Canadian Pacific Kansas City has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The firm has a market cap of $85.04 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The business has a 50 day moving average price of $90.21 and a 200-day moving average price of $86.16.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts predict that Canadian Pacific Kansas City will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 25.08%.

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.