Kansas City Southern’s (KSU) “Neutral” Rating Reiterated at Credit Suisse Group AG
Kansas City Southern (NYSE:KSU)‘s stock had its “neutral” rating reiterated by investment analysts at Credit Suisse Group AG in a research report issued to clients and investors on Sunday. They presently have a $90.00 target price on the transportation company’s stock, up from their prior target price of $87.00. Credit Suisse Group AG’s target price indicates a potential downside of 6.20% from the stock’s previous close.
KSU has been the topic of a number of other research reports. Royal Bank of Canada reissued a “buy” rating and set a $114.00 price objective on shares of Kansas City Southern in a report on Tuesday, April 11th. Cowen and Company raised their price objective on shares of Kansas City Southern from $94.00 to $95.00 and gave the stock a “market perform” rating in a report on Monday, April 24th. Wells Fargo & Co began coverage on shares of Kansas City Southern in a report on Monday, March 13th. They set a “market perform” rating on the stock. Loop Capital reissued a “buy” rating and set a $86.00 price objective on shares of Kansas City Southern in a report on Wednesday, February 22nd. Finally, Citigroup Inc cut their price objective on shares of Kansas City Southern from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Tuesday, April 25th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $98.63.
Shares of Kansas City Southern (NYSE:KSU) traded up 3.09% on Friday, hitting $95.95. 1,578,070 shares of the stock were exchanged. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $100.69. The company’s 50 day moving average is $90.10 and its 200-day moving average is $86.97. The stock has a market cap of $10.18 billion, a PE ratio of 19.91 and a beta of 0.91.
Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, April 21st. The transportation company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.01. Kansas City Southern had a net margin of 20.48% and a return on equity of 11.14%. The firm had revenue of $609.50 million for the quarter, compared to analysts’ expectations of $600.66 million. During the same quarter last year, the company earned $1.03 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. Analysts predict that Kansas City Southern will post $5.08 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.38%. Kansas City Southern’s dividend payout ratio (DPR) is 29.80%.
In related news, Director Robert J. Druten sold 3,500 shares of Kansas City Southern stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Seven Bridges Advisors LLC raised its position in Kansas City Southern by 30.0% in the second quarter. Seven Bridges Advisors LLC now owns 1,200 shares of the transportation company’s stock worth $108,000 after buying an additional 277 shares during the period. Virtus Investment Advisers Inc. purchased a new position in Kansas City Southern during the third quarter worth $108,000. Intellectus Partners LLC purchased a new position in Kansas City Southern during the fourth quarter worth $111,000. WFG Advisors LP raised its position in Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock worth $112,000 after buying an additional 302 shares during the period. Finally, Cornerstone Advisors Inc. raised its position in Kansas City Southern by 494.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,319 shares of the transportation company’s stock worth $123,000 after buying an additional 1,097 shares during the period. Hedge funds and other institutional investors own 90.48% of the company’s stock.
Kansas City Southern Company Profile
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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