Kansas City Southern (KSU) Given Average Rating of “Buy” by Analysts
Shares of Kansas City Southern (NYSE:KSU) have earned a consensus recommendation of “Buy” from the twenty ratings firms that are covering the stock, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $106.50.
KSU has been the subject of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $118.00 price objective (up previously from $114.00) on shares of Kansas City Southern in a research report on Friday, August 18th. BidaskClub downgraded shares of Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Aegis lifted their price target 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. Zacks Investment Research upgraded shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Thursday, August 24th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $105.00 price target on shares of Kansas City Southern in a research report on Friday, August 25th.
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In other Kansas City Southern news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of Kansas City Southern stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $102.93, for a total value of $617,580.00. Following the completion of the sale, the insider now directly owns 42,087 shares of the company’s stock, valued at approximately $4,332,014.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry J. Maier bought 3,000 shares of the stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of $106.19 per share, with a total value of $318,570.00. Following the completion of the purchase, the director now directly owns 4,159 shares in the company, valued at approximately $441,644.21. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 14,469 shares of company stock valued at $1,522,510. Corporate insiders own 0.95% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in KSU. WFG Advisors LP grew its stake in Kansas City Southern by 30.2% in the 1st quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock worth $112,000 after acquiring an additional 302 shares during the period. QS Investors LLC grew its stake in Kansas City Southern by 0.5% in the 2nd quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after acquiring an additional 7 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in Kansas City Southern in the 2nd quarter worth approximately $160,000. V Wealth Management LLC purchased a new stake in Kansas City Southern in the 2nd quarter worth approximately $169,000. Finally, Pacer Advisors Inc. grew its stake in Kansas City Southern by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock worth $189,000 after acquiring an additional 66 shares during the period. 84.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Kansas City Southern (NYSE KSU) traded down 0.16% during trading on Friday, hitting $107.74. The company had a trading volume of 392,248 shares. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13. The stock’s 50-day moving average is $104.59 and its 200 day moving average is $96.84. The firm has a market capitalization of $11.36 billion, a P/E ratio of 21.68 and a beta of 0.79.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.07. The firm had revenue of $656.40 million during the quarter, compared to the consensus estimate 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 revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 earnings per share. Equities research analysts predict that Kansas City Southern will post $5.20 earnings per share for the current fiscal year.
Kansas City Southern declared that its Board of Directors has authorized a share buyback program on Tuesday, August 15th that allows the company to buyback $800.00 million in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from Kansas City Southern’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is 28.92%.
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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