Canadian Pacific Kansas City Limited (NYSE:CP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have received a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $96.50.

A number of equities analysts recently weighed in on the stock. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, April 30th. ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Friday. Finally, Royal Bank Of Canada lowered their target price on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prosperity Bancshares Inc bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $29,000. McMillan Office Inc. bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $31,000. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at $35,000. Finally, Cornerstone Planning Group LLC increased its stake in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 335 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $90.20 on Wednesday. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $91.46. The firm’s fifty day moving average is $83.52 and its 200-day moving average is $79.02. The firm has a market cap of $80.02 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $1.06 EPS. Canadian Pacific Kansas City’s quarterly revenue was down 2.5% on a year-over-year basis. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is presently 20.68%.

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.