Macquarie Upgrades Kansas City Southern to “Neutral” (KSU)
Kansas City Southern (NYSE:KSU) was upgraded by Macquarie from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of Kansas City Southern (NYSE:KSU) opened at 111.67 on Tuesday. Kansas City Southern has a 52-week low of $88.56 and a 52-week high of $125.96. The stock has a 50-day moving average of $110.5 and a 200-day moving average of $103.4. The company has a market cap of $12.321 billion and a price-to-earnings ratio of 26.62.
Kansas City Southern (NYSE:KSU) last released its earnings data on Friday, July 18th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.04. The company had revenue of $650.00 million for the quarter, compared to the consensus estimate of $645.05 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts expect that Kansas City Southern will post $4.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 8th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, September 4th.
A number of other analysts have also recently weighed in on KSU. Analysts at Stephens reiterated an “equal weight” rating on shares of Kansas City Southern in a research note on Monday, July 21st. They now have a $117.00 price target on the stock, up previously from $110.00. Separately, analysts at Cowen and Company raised their price target on shares of Kansas City Southern to $116.00 in a research note on Monday, July 21st. They now have a “market perform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Kansas City Southern from $115.00 to $123.00 in a research note on Monday, July 21st. They now have an “outperform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $114.91.
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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