Canadian Pacific Kansas City Limited (NYSE:CP) Receives Average Rating of “Moderate Buy” from Brokerages

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $91.6923.

Several equities analysts have commented on CP shares. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup decreased their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th.

Canadian Pacific Kansas City Stock Up 1.1%

Shares of CP opened at $74.41 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The stock has a market capitalization of $66.77 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10. Canadian Pacific Kansas City has a 1 year low of $66.49 and a 1 year high of $83.65. The business’s 50 day simple moving average is $72.64 and its 200-day simple moving average is $75.29.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business posted $0.99 earnings per share. As a group, equities analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, December 31st. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is currently 19.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. WGI DM LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $31,401,000. Mirabella Financial Services LLP grew its holdings in Canadian Pacific Kansas City by 364.7% during the 3rd quarter. Mirabella Financial Services LLP now owns 19,946 shares of the transportation company’s stock valued at $1,483,000 after purchasing an additional 15,654 shares during the last quarter. Groupama Asset Managment bought a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $4,101,000. Cantor Fitzgerald L. P. raised its position in Canadian Pacific Kansas City by 32.2% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 22,600 shares of the transportation company’s stock worth $1,683,000 after purchasing an additional 5,500 shares during the period. Finally, Manhattan West Asset Management LLC lifted its stake in Canadian Pacific Kansas City by 2.4% in the third quarter. Manhattan West Asset Management LLC now owns 37,906 shares of the transportation company’s stock worth $2,824,000 after purchasing an additional 875 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.