Kansas City Southern (KSU) Rating Reiterated by Cowen and Company
Kansas City Southern (NYSE:KSU)‘s stock had its “market perform” rating reissued by investment analysts at Cowen and Company in a note issued to investors on Monday. They presently have a $104.00 price target on the transportation company’s stock, up from their prior price target of $95.00. Cowen and Company’s price objective indicates a potential downside of 0.96% from the stock’s previous close.
Several other research analysts also recently commented on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $114.00 target price on shares of Kansas City Southern in a report on Tuesday, April 11th. Credit Suisse Group reissued a “neutral” rating and issued a $90.00 target price (up from $87.00) on shares of Kansas City Southern in a report on Sunday, May 28th. BidaskClub downgraded Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Aegis boosted their target price on Kansas City Southern from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Finally, Stifel Nicolaus reduced their target price on Kansas City Southern from $101.00 to $96.00 and set a “buy” rating on the stock in a report on Wednesday, April 26th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $102.50.
Shares of Kansas City Southern (NYSE KSU) traded down 0.23% during mid-day trading on Monday, hitting $105.01. The stock had a trading volume of 1,209,605 shares. The firm has a 50 day moving average of $101.97 and a 200 day moving average of $91.14. Kansas City Southern has a one year low of $79.05 and a one year high of $106.35. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 21.13 and a beta of 0.80.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. The company had revenue of $656.40 million for the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a return on equity of 11.45% and a net margin of 21.52%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.22 earnings per share. On average, analysts forecast that Kansas City Southern will post $5.18 earnings per share for the current year.
In other Kansas City Southern news, Director Robert J. Druten sold 3,500 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total transaction of $323,995.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.95% of the company’s stock.
Several hedge funds have recently modified their holdings of KSU. Murphy Capital Management Inc. acquired a new stake in shares of Kansas City Southern during the second quarter valued at approximately $468,000. Sabal Trust CO acquired a new stake in shares of Kansas City Southern during the second quarter valued at approximately $225,000. Skylands Capital LLC boosted its stake in shares of Kansas City Southern by 17.3% in the second quarter. Skylands Capital LLC now owns 12,550 shares of the transportation company’s stock valued at $1,313,000 after buying an additional 1,850 shares during the last quarter. US Bancorp DE boosted its stake in shares of Kansas City Southern by 7.2% in the second quarter. US Bancorp DE now owns 30,188 shares of the transportation company’s stock valued at $3,158,000 after buying an additional 2,024 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its stake in shares of Kansas City Southern by 23.6% in the second quarter. Douglas Lane & Associates LLC now owns 117,621 shares of the transportation company’s stock valued at $12,309,000 after buying an additional 22,472 shares during the last quarter. Institutional investors own 85.96% 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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