Canadian Pacific Kansas City (NYSE:CP) Rating Reiterated by Benchmark

Benchmark reaffirmed their hold rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a report released on Thursday, Benzinga reports.

CP has been the topic of several other research reports. StockNews.com raised shares of Canadian Pacific Kansas City from a sell rating to a hold rating in a research note on Wednesday, January 31st. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a positive rating to a neutral rating and reduced their target price for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Susquehanna lowered their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a neutral rating for the company in a report on Thursday. Bank of America increased their price objective on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. Finally, Raymond James lifted their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an outperform rating in a research report on Monday, April 22nd. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of Moderate Buy and an average target price of $96.42.

Canadian Pacific Kansas City Stock Down 0.5 %

Shares of NYSE:CP opened at $81.68 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.46. The business has a 50 day simple moving average of $87.04 and a two-hundred day simple moving average of $79.90. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58. The firm has a market capitalization of $76.18 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.16 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a $0.141 dividend. This represents a $0.56 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently made changes to their positions in the business. YCG LLC boosted its holdings in Canadian Pacific Kansas City by 32.5% in the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after acquiring an additional 91,276 shares in the last quarter. SG Americas Securities LLC boosted its stake in Canadian Pacific Kansas City by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after purchasing an additional 12,748 shares in the last quarter. Element Capital Management LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Canadian Pacific Kansas City by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after purchasing an additional 14,557 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth $5,392,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.