BMO Capital Markets Reiterates “Hold” Rating for Kansas City Southern (KSU)
Kansas City Southern (NYSE:KSU)‘s stock had its “hold” rating restated by investment analysts at BMO Capital Markets in a report released on Wednesday. They presently have a $92.00 target price on the transportation company’s stock. BMO Capital Markets’ price objective points to a potential upside of 1.61% from the company’s previous close.
KSU has been the topic of several other reports. Loop Capital restated a “buy” rating on shares of Kansas City Southern in a research report on Saturday, March 25th. Morgan Stanley restated an “equal weight” rating and issued a $88.00 price target on shares of Kansas City Southern in a research report on Monday, March 20th. Credit Suisse Group AG restated a “neutral” rating and issued a $86.00 price target (up from $84.00) on shares of Kansas City Southern in a research report on Monday, March 6th. Wells Fargo & Co initiated coverage on Kansas City Southern in a research report on Monday, March 13th. They issued a “market perform” rating on the stock. Finally, Cowen and Company raised their price target on Kansas City Southern from $94.00 to $95.00 and gave the stock a “market perform” rating in a research report on Monday, April 24th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $98.38.
Shares of Kansas City Southern (NYSE:KSU) traded down 0.49% during midday trading on Wednesday, hitting $90.10. The stock had a trading volume of 245,330 shares. The firm’s 50-day moving average price is $89.64 and its 200-day moving average price is $86.84. Kansas City Southern has a one year low of $79.05 and a one year high of $100.69. The firm has a market capitalization of $9.56 billion, a PE ratio of 18.70 and a beta of 0.91.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings results on Friday, April 21st. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.01. Kansas City Southern had a return on equity of 11.14% and a net margin of 20.48%. The business had revenue of $609.50 million for the quarter, compared to analyst estimates of $600.66 million. During the same period last year, the company earned $1.03 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts predict that Kansas City Southern will post $5.08 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 12th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, June 8th. Kansas City Southern’s dividend payout ratio is currently 29.80%.
In related news, Director Robert J. Druten sold 3,500 shares of Kansas City Southern stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $92.57, for a total value of $323,995.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in KSU. BlackRock Inc. increased its stake in Kansas City Southern by 4,542.5% in the first quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock worth $892,591,000 after buying an additional 10,183,801 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Kansas City Southern by 588.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock worth $369,943,000 after buying an additional 3,687,248 shares in the last quarter. Norges Bank bought a new stake in Kansas City Southern during the fourth quarter worth about $100,550,000. Pioneer Investment Management Inc. increased its stake in Kansas City Southern by 103.8% in the first quarter. Pioneer Investment Management Inc. now owns 2,133,685 shares of the transportation company’s stock worth $182,985,000 after buying an additional 1,086,853 shares in the last quarter. Finally, Sustainable Growth Advisers LP increased its stake in Kansas City Southern by 49.4% in the first quarter. Sustainable Growth Advisers LP now owns 2,088,516 shares of the transportation company’s stock worth $179,111,000 after buying an additional 690,470 shares in the last quarter. 90.48% of the stock is currently owned by institutional investors and hedge funds.
About Kansas City Southern
Kansas City Southern (KCS) is a holding company. The Company has 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’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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