Kansas City Southern (NYSE:KSU) Upgraded at BidaskClub
Kansas City Southern (NYSE:KSU) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Friday.
Several other equities research analysts also recently issued reports on KSU. BMO Capital Markets reaffirmed a “hold” rating and set a $92.00 price target on shares of Kansas City Southern in a research note on Wednesday, May 24th. Stifel Nicolaus dropped their price target 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. Credit Suisse Group raised shares of Kansas City Southern from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $90.00 to $116.00 in a research note on Friday, June 16th. Loop Capital reaffirmed a “buy” rating on shares of Kansas City Southern in a research note on Saturday, March 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $88.00 price target on shares of Kansas City Southern in a research note on Monday, March 20th. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Kansas City Southern has an average rating of “Hold” and a consensus price target of $101.31.
Kansas City Southern (NYSE:KSU) traded up 2.11% during mid-day trading on Friday, hitting $104.65. The stock had a trading volume of 1,063,679 shares. Kansas City Southern has a one year low of $79.05 and a one year high of $105.15. The company has a 50 day moving average price of $97.00 and a 200-day moving average price of $89.22. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 21.72 and a beta of 0.83.
Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, April 21st. The transportation company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.01. Kansas City Southern had a net margin of 21.71% and a return on equity of 11.30%. The business had revenue of $609.50 million for the quarter, compared to the consensus estimate of $600.66 million. During the same quarter last year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts expect that Kansas City Southern will post $5.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Monday, June 12th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, June 8th. Kansas City Southern’s dividend payout ratio (DPR) is presently 27.39%.
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In other news, Director Robert J. Druten sold 3,500 shares of Kansas City Southern 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.95% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA raised its position in Kansas City Southern by 10.1% in the fourth quarter. Federated Investors Inc. PA now owns 37,408 shares of the transportation company’s stock valued at $3,174,000 after buying an additional 3,441 shares during the period. AQR Capital Management LLC raised its position in Kansas City Southern by 734.5% in the fourth quarter. AQR Capital Management LLC now owns 55,444 shares of the transportation company’s stock valued at $4,704,000 after buying an additional 48,800 shares during the period. Cigna Investments Inc. New acquired a new position in Kansas City Southern during the fourth quarter valued at approximately $342,000. United Capital Financial Advisers LLC raised its position in Kansas City Southern by 18.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 5,494 shares of the transportation company’s stock valued at $466,000 after buying an additional 837 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Kansas City Southern by 138.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 53,280 shares of the transportation company’s stock valued at $4,521,000 after buying an additional 30,960 shares during the period. 86.60% of the stock is 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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