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Equities researchers at Ameriprise Financial assumed coverage on shares of Kansas City Southern (NYSE:KSU) in a research report issued on Friday, American Banking reports. The firm set a “buy” rating on the stock.

Kansas City Southern (NYSE:KSU) traded up 0.06% during mid-day trading on Friday, hitting $105.59. The stock had a trading volume of 1,819,043 shares. Kansas City Southern has a 52-week low of $92.50 and a 52-week high of $125.96. The stock’s 50-day moving average is $116.4 and its 200-day moving average is $114.7. The company has a P/E ratio of 33.19.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.10 by $0.07. The company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $617.76 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that Kansas City Southern will post $4.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 2nd. Stockholders of record on Monday, March 10th will be paid a dividend of 0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, March 6th. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.22.

A number of other firms have also recently commented on KSU. Analysts at Wolfe Research upgraded shares of Kansas City Southern to a “market perform” rating in a research note to investors on Monday. Separately, analysts at Buckingham Research upgraded shares of Kansas City Southern from an “underperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $101.00 price target on the stock, down previously from $105.00. Finally, analysts at FBR Capital Markets cut their price target on shares of Kansas City Southern from $115.00 to $106.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $114.67.

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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