BidaskClub Upgrades Kansas City Southern (KSU) to Strong-Buy
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.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets reissued a “hold” rating and issued a $92.00 price objective on shares of Kansas City Southern in a research report on Wednesday, May 24th. Cowen and Company reissued a “market perform” rating and issued a $104.00 price objective (up from $95.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Aegis boosted their price objective on shares of Kansas City Southern from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Stifel Nicolaus lowered their price objective on shares of Kansas City Southern from $101.00 to $96.00 and set a “buy” rating for the company in a research report 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 for the company in a research report on Tuesday, April 25th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Kansas City Southern currently has an average rating of “Buy” and a consensus price target of $103.33.
Shares of Kansas City Southern (NYSE:KSU) traded down 0.07% during trading on Friday, hitting $105.80. 944,875 shares of the stock traded hands. The firm’s 50-day moving average price is $104.06 and its 200-day moving average price is $93.99. The stock has a market cap of $11.15 billion, a PE ratio of 21.29 and a beta of 0.80. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.07. The company had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $627.81 million. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.22 EPS. Analysts anticipate that Kansas City Southern will post $5.21 EPS for the current year.
Kansas City Southern declared that its board has approved a stock repurchase program on Tuesday, August 15th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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In other news, Director Henry J. Maier acquired 3,000 shares of Kansas City Southern stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $106.19 per share, for a total transaction of $318,570.00. Following the purchase, the director now directly owns 4,159 shares in the company, valued at approximately $441,644.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 company. Sumitomo Mitsui Asset Management Company LTD raised its position in Kansas City Southern by 10.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,286 shares of the transportation company’s stock valued at $796,000 after buying an additional 913 shares during the period. Virtu Financial LLC purchased a new position in Kansas City Southern during the first quarter valued at approximately $272,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Kansas City Southern during the first quarter valued at approximately $4,854,000. Financial Architects Inc raised its position 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 valued at $131,000 after buying an additional 1,115 shares during the period. Finally, Strs Ohio raised its position in Kansas City Southern by 6.0% in the first quarter. Strs Ohio now owns 15,220 shares of the transportation company’s stock valued at $1,305,000 after buying an additional 859 shares during the period. Hedge funds and other institutional investors own 85.05% 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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