BMO Capital Markets Reaffirms “Market Perform” Rating for Kansas City Southern (KSU)
Kansas City Southern (NYSE:KSU)‘s stock had its “market perform” rating reaffirmed by equities researchers at BMO Capital Markets in a research report issued on Tuesday. They currently have a $98.00 price objective on the stock. BMO Capital Markets’ price target suggests a potential upside of 6.50% from the company’s previous close.
KSU has been the subject of several other reports. Zacks Investment Research downgraded Kansas City Southern from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. RBC Capital Markets restated an “outperform” rating and issued a $114.00 price target (up from $109.00) on shares of Kansas City Southern in a research note on Wednesday, July 20th. Credit Suisse Group AG restated a “neutral” rating and issued a $101.00 price target (up from $99.00) on shares of Kansas City Southern in a research note on Friday, July 22nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $107.00 target price (up from $103.00) on shares of Kansas City Southern in a research report on Friday, July 22nd. Finally, Barclays PLC increased their target price on Kansas City Southern from $73.00 to $79.00 and gave the company an “underweight” rating in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $100.92.
Shares of Kansas City Southern (NYSE:KSU) traded down 1.39% on Tuesday, hitting $92.02. 918,719 shares of the company traded hands. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 20.03 and a beta of 1.14. The firm’s 50 day moving average price is $94.18 and its 200-day moving average price is $92.47. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69.
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Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.14. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. The business earned $569 million during the quarter, compared to the consensus estimate of $572.20 million. On average, equities research analysts expect that Kansas City Southern will post $4.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th were paid a $0.33 dividend. The ex-dividend date was Thursday, September 8th. This represents a $1.32 annualized dividend and a yield of 1.43%. Kansas City Southern’s dividend payout ratio (DPR) is presently 28.82%.
In other Kansas City Southern news, insider David L. Starling sold 5,100 shares of Kansas City Southern stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $98.88, for a total value of $504,288.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William J. Wochner sold 26,521 shares of Kansas City Southern stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total value of $2,607,544.72. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of KSU. Geode Capital Management LLC raised its position in Kansas City Southern by 1.9% in the first quarter. Geode Capital Management LLC now owns 889,091 shares of the company’s stock valued at $75,820,000 after buying an additional 16,716 shares during the period. Investment House LLC increased its stake in shares of Kansas City Southern by 0.9% in the second quarter. Investment House LLC now owns 2,572 shares of the company’s stock valued at $232,000 after buying an additional 22 shares in the last quarter. National Investment Services Inc. WI acquired a new stake in shares of Kansas City Southern during the second quarter valued at $1,940,000. Cleararc Capital Inc. acquired a new stake in shares of Kansas City Southern during the first quarter valued at $226,000. Finally, Gulf International Bank UK Ltd increased its stake in shares of Kansas City Southern by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 33,141 shares of the company’s stock valued at $2,985,000 after buying an additional 150 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a transportation holding company with domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri and several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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