Kansas City Southern (KSU) Given New $124.00 Price Target at Credit Suisse Group
Kansas City Southern (NYSE:KSU) had its price target hoisted by equities research analysts at Credit Suisse Group from $122.00 to $124.00 in a note issued to investors on Monday. The brokerage currently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 17.88% from the stock’s current price.
A number of other analysts have also issued reports on the company. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and issued a $118.00 target price on shares of Kansas City Southern in a research report on Thursday, September 21st. UBS AG reissued a “positive” rating and issued a $117.00 target price (up previously from $103.00) on shares of Kansas City Southern in a research report on Monday, July 24th. BidaskClub raised Kansas City Southern from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $105.00 target price on shares of Kansas City Southern in a research report on Friday, August 25th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $113.31.
Shares of Kansas City Southern (NYSE:KSU) traded up 1.25% on Monday, reaching $106.51. The company had a trading volume of 926,966 shares. The stock has a market capitalization of $11.23 billion, a P/E ratio of 21.43 and a beta of 0.81. Kansas City Southern has a 1-year low of $79.05 and a 1-year high of $109.13. The company’s 50 day moving average price is $105.62 and its 200-day moving average price is $99.98.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, October 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The company had revenue of $653.00 million for the quarter, compared to analyst estimates of $651.95 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 earnings per share. Equities analysts predict that Kansas City Southern will post $5.18 EPS for the current year.
Kansas City Southern declared that its Board of Directors has approved a share 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 buy up to 7.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
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In related news, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $102.93, for a total transaction of $617,580.00. Following the completion of the transaction, the insider now owns 42,087 shares in the company, valued at $4,332,014.91. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Antonio O. Garza sold 4,018 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total transaction of $433,702.92. Following the transaction, the director now owns 4,920 shares of the company’s stock, valued at approximately $531,064.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,469 shares of company stock valued at $1,522,510. Insiders own 0.95% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Boston Common Asset Management LLC grew its stake in shares of Kansas City Southern by 63.6% during the first quarter. Boston Common Asset Management LLC now owns 56,095 shares of the transportation company’s stock worth $4,811,000 after purchasing an additional 21,803 shares in the last quarter. Eaton Vance Management boosted its stake in Kansas City Southern by 179.5% in the second quarter. Eaton Vance Management now owns 175,346 shares of the transportation company’s stock valued at $18,350,000 after acquiring an additional 112,609 shares in the last quarter. Westpac Banking Corp boosted its stake in Kansas City Southern by 28.9% in the second quarter. Westpac Banking Corp now owns 117,572 shares of the transportation company’s stock valued at $12,304,000 after acquiring an additional 26,363 shares in the last quarter. V Wealth Management LLC acquired a new position in Kansas City Southern in the second quarter valued at $169,000. Finally, Oppenheimer & Co. Inc. boosted its stake in Kansas City Southern by 20.2% in the second quarter. Oppenheimer & Co. Inc. now owns 66,368 shares of the transportation company’s stock valued at $6,946,000 after acquiring an additional 11,138 shares in the last quarter. Hedge funds and other institutional investors own 84.59% 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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