Kansas City Southern (KSU) Downgraded by BidaskClub to “Buy”
Kansas City Southern (NYSE:KSU) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
Several other research firms have also weighed in on KSU. Aegis boosted their price objective on shares of Kansas City Southern from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday. Credit Suisse Group upgraded shares of Kansas City Southern from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $116.00 in a research note on Friday, June 16th. BMO Capital Markets restated a “hold” rating and set a $92.00 price objective on shares of Kansas City Southern in a research note on Wednesday, May 24th. Stifel Nicolaus lowered their price objective on shares of Kansas City Southern from $101.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, April 26th. Finally, Citigroup Inc. lowered 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 research note on Tuesday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Kansas City Southern currently has an average rating of “Hold” and an average target price of $100.56.
Kansas City Southern (NYSE:KSU) traded up 1.44% during trading on Thursday, reaching $101.66. 1,159,016 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $94.77 and a 200-day moving average price of $88.42. The firm has a market cap of $10.78 billion, a PE ratio of 21.10 and a beta of 0.83. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $104.47.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, April 21st. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.01. The company had revenue of $609.50 million for the quarter, compared to analyst estimates of $600.66 million. Kansas City Southern had a net margin of 21.71% and a return on equity of 11.30%. Kansas City Southern’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. On average, analysts forecast that Kansas City Southern will post $5.10 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, June 8th. Kansas City Southern’s dividend payout ratio is currently 27.39%.
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In other Kansas City Southern news, Director Robert J. Druten sold 3,500 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.95% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. WFG Advisors LP increased its stake 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 in the last quarter. Ancora Advisors LLC acquired a new stake in Kansas City Southern during the fourth quarter worth about $123,000. Financial Architects Inc increased its stake in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock worth $131,000 after buying an additional 1,115 shares in the last quarter. Pacer Advisors Inc. increased its stake in Kansas City Southern by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock worth $189,000 after buying an additional 66 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after buying an additional 52 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.
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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