Barclays PLC Boosts Kansas City Southern (KSU) Price Target to $105.00
Kansas City Southern (NYSE:KSU) had its target price boosted by analysts at Barclays PLC from $100.00 to $105.00 in a report released on Monday. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays PLC’s price objective would indicate a potential downside of 0.18% from the stock’s current price.
Several other analysts have also issued reports on KSU. Morgan Stanley boosted their price target on Kansas City Southern from $88.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday. Credit Suisse Group boosted their price target on Kansas City Southern from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday. Loop Capital reissued a “buy” rating and set a $124.00 price target (up previously from $118.00) on shares of Kansas City Southern in a report on Monday. Cowen and Company boosted their price target on Kansas City Southern from $111.00 to $113.00 and gave the company a “market perform” rating in a report on Monday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $105.00 price target (up previously from $98.00) on shares of Kansas City Southern in a report on Tuesday, July 25th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $113.31.
Kansas City Southern (NYSE:KSU) traded up 1.25% on Monday, hitting $106.51. The stock had a trading volume of 926,966 shares. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $109.13. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 21.43 and a beta of 0.81. The firm has a 50-day moving average of $105.62 and a 200 day moving average of $99.98.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The company had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $651.95 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. Kansas City Southern’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. On average, analysts predict that Kansas City Southern will post $5.18 earnings per share for the current year.
Kansas City Southern announced that its board has approved a share repurchase program on Tuesday, August 15th that permits the company to repurchase $800.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
In related news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $102.93, for a total value of $617,580.00. Following the sale, the insider now directly owns 42,087 shares in the company, valued at $4,332,014.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Antonio O. Garza sold 4,018 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total value of $433,702.92. Following the completion of the sale, the director now owns 4,920 shares in the company, valued at $531,064.80. The disclosure for this sale can be found here. Insiders sold 14,469 shares of company stock worth $1,522,510 over the last quarter. 0.95% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC lifted its position in shares of Kansas City Southern by 243.9% in the second quarter. IHT Wealth Management LLC now owns 141 shares of the transportation company’s stock worth $675,000 after buying an additional 100 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in shares of Kansas City Southern in the third quarter worth about $130,000. QS Investors LLC lifted its position in shares of Kansas City Southern by 0.5% in the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after buying an additional 7 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Kansas City Southern in the second quarter worth about $160,000. Finally, V Wealth Management LLC purchased a new stake in shares of Kansas City Southern in the second quarter worth about $169,000. Institutional investors own 84.59% of the company’s stock.
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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