Cowen and Company Raises Kansas City Southern (KSU) Price Target to $113.00
Kansas City Southern (NYSE:KSU) had its price objective increased by equities researchers at Cowen and Company from $111.00 to $113.00 in a research note issued to investors on Monday. The firm currently has a “market perform” rating on the transportation company’s stock. Cowen and Company’s price objective suggests a potential upside of 7.42% from the stock’s previous close.
A number of other research analysts have also recently commented on the company. Loop Capital restated a “buy” rating and set a $124.00 price objective on shares of Kansas City Southern in a research note on Monday. J P Morgan Chase & Co boosted their price objective on Kansas City Southern from $116.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Bank of America Corporation raised Kansas City Southern from a “neutral” rating to a “buy” rating and upped their target price for the company from $113.00 to $116.00 in a report on Tuesday, October 10th. Zacks Investment Research lowered Kansas City Southern from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $123.00 price objective (up from $116.00) on shares of Kansas City Southern in a report on Wednesday, October 4th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $112.13.
Kansas City Southern (NYSE:KSU) traded up 2.02% during trading on Monday, reaching $107.32. The company had a trading volume of 214,734 shares. The company has a market capitalization of $11.31 billion, a P/E ratio of 21.60 and a beta of 0.81. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13. The firm’s 50 day moving average is $105.62 and its 200-day moving average is $99.98.
Kansas City Southern (NYSE:KSU) last issued its quarterly earnings data on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.03. The company had revenue of $653.00 million for 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%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. On average, equities analysts expect that Kansas City Southern will post $5.17 earnings per share for the current year.
Kansas City Southern announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 15th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
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In related news, Director Antonio O. Garza sold 4,018 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of the stock in a transaction dated 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 sale, the insider now owns 42,087 shares of the company’s stock, valued at approximately $4,332,014.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,469 shares of company stock worth $1,522,510. 0.95% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. bought a new position in Kansas City Southern during the third quarter worth about $130,000. QS Investors LLC lifted its stake in Kansas City Southern by 0.5% during the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after purchasing an additional 7 shares during the period. San Francisco Sentry Investment Group CA bought a new position in Kansas City Southern during the second quarter worth about $160,000. V Wealth Management LLC bought a new position in Kansas City Southern during the second quarter worth about $169,000. Finally, Envestnet Asset Management Inc. lifted its stake in Kansas City Southern by 2.4% during the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds 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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