Kansas City Southern EVP Patrick Ottensmeyer Sells 7,500 Shares (KSU)
Kansas City Southern (NYSE:KSU) EVP Patrick Ottensmeyer unloaded 7,500 shares of Kansas City Southern stock on the open market in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $122.68, for a total transaction of $920,100.00. Following the completion of the transaction, the executive vice president now directly owns 38,172 shares in the company, valued at approximately $4,682,941. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Jefferson Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kansas City Southern in a research note to investors on Tuesday, October 22nd. They now have a $124.00 price target on the stock. Finally, analysts at Credit Suisse downgraded shares of Kansas City Southern from a “focus list” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $112.92.
Kansas City Southern (NYSE:KSU) traded up 0.70% on Tuesday, hitting $123.63. The stock had a trading volume of 458,252 shares. Kansas City Southern has a 52 week low of $72.80 and a 52 week high of $118.88. The stock has a 50-day moving average of $107.9 and a 200-day moving average of $108.6. The company has a market cap of $13.625 billion and a P/E ratio of 41.12.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.12 by $0.02. The company had revenue of $622.00 million for the quarter, compared to the consensus estimate of $628.40 million. During the same quarter last year, the company posted $0.82 earnings per share. Kansas City Southern’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Kansas City Southern will post $4.08 earnings per share for the current fiscal year.
Kansas City Southern (NYSE:KSU) is a transportation holding company with domestic and international rail operations in North America that are strategically focused on the growing north/south freight corridor connecting key commercial and industrial markets in the central United States with industrial cities in Mexico.
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