Kansas City Southern (KSU) Receives Average Recommendation of “Hold” from Analysts
Shares of Kansas City Southern (NYSE:KSU) have earned a consensus rating of “Hold” from the twenty-one analysts that are covering the company, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $102.08.
A number of research firms have issued reports on KSU. Loop Capital reaffirmed a “buy” rating on shares of Kansas City Southern in a research note on Saturday, March 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $88.00 price objective on shares of Kansas City Southern in a research note on Monday, March 20th. BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Wells Fargo & Company began coverage on Kansas City Southern in a research note on Monday, March 13th. They issued a “market perform” rating on the stock. Finally, Credit Suisse Group raised Kansas City Southern from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $90.00 to $116.00 in a research note on Friday, June 16th.
Kansas City Southern (NYSE KSU) traded down 0.63% on Tuesday, hitting $104.01. 756,966 shares of the company traded hands. The firm has a market capitalization of $11.03 billion, a PE ratio of 21.58 and a beta of 0.80. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $105.33. The firm’s 50 day moving average price is $97.00 and its 200 day moving average price is $89.22.
Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, April 21st. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.01. The company had revenue of $609.50 million for the quarter, compared to the consensus estimate of $600.66 million. Kansas City Southern had a return on equity of 11.30% and a net margin of 21.71%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Equities research analysts predict that Kansas City Southern will post $5.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Monday, June 12th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Thursday, June 8th. Kansas City Southern’s payout ratio is 27.39%.
In related news, Director Robert J. Druten sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $92.57, for a total transaction of $323,995.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.95% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in shares of 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 in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Kansas City Southern during the fourth quarter valued at about $662,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Kansas City Southern during the fourth quarter valued at about $296,000. Highbridge Capital Management LLC raised its position in shares of Kansas City Southern by 555.7% in the fourth quarter. Highbridge Capital Management LLC now owns 202,265 shares of the transportation company’s stock valued at $17,162,000 after buying an additional 171,419 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Kansas City Southern by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 91,933 shares of the transportation company’s stock valued at $7,884,000 after buying an additional 2,039 shares in the last quarter. 85.91% of the stock is currently owned by institutional investors.
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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