Kansas City Southern Rating Reiterated by Zacks (KSU)
Kansas City Southern (NYSE:KSU)‘s stock had its “outperform” rating reaffirmed by Zacks in a note issued to investors on Monday, Stock Ratings Network reports. They currently have a $140.00 price objective on the stock. Zacks‘ target price would suggest a potential upside of 20.68% from the stock’s previous close.
Zacks‘ analyst wrote, “We upgrade our recommendation on Kansas City Southern to Outperform. Looking ahead, the company is poised to benefit from opportunities arising from cross-border intermodal business, volume growth and favorable pricing trends. Development of the Automotive segment along with expansion of network and terminal capacity will enable the company to register high revenues. Moreover, improvement in operating ratio and a healthy balance sheet are expected to lend adequate support to the company for its long-term goal achievements.”
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Kansas City Southern from $112.00 to $115.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Kansas City Southern from $130.00 to $125.00 in a research note to investors on Monday, January 6th. Finally, 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, October 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $119.09.
Shares of Kansas City Southern (NYSE:KSU) traded down 0.32% during mid-day trading on Monday, hitting $116.01. The stock had a trading volume of 1,232,516 shares. Kansas City Southern has a 52 week low of $84.66 and a 52 week high of $125.96. The stock’s 50-day moving average is $119.9 and its 200-day moving average is $114.7. The company has a market cap of $12.785 billion and a price-to-earnings ratio of 38.98.
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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