Citigroup Issues Positive Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective hoisted by Citigroup from $97.00 to $106.00 in a research note released on Thursday, Marketbeat.com reports. Citigroup currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on CP. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, June 25th. Sanford C. Bernstein increased their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.73.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $90.31 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 1-year low of $68.42 and a 1-year high of $91.52. The stock has a market capitalization of $79.92 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.75 and a beta of 1.10. The business has a 50-day moving average price of $87.48 and a two-hundred day moving average price of $82.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the business posted $1.06 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts predict that Canadian Pacific Kansas City will post 3.75 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is 24.07%.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Canadian Pacific Kansas City by 3.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after buying an additional 130 shares during the period. Foster Group Inc. grew its stake in Canadian Pacific Kansas City by 3.3% in the second quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 137 shares during the period. Modern Wealth Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 1.2% in the first quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock worth $950,000 after acquiring an additional 142 shares in the last quarter. Altshuler Shaham Ltd increased its holdings in shares of Canadian Pacific Kansas City by 1.2% in the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock worth $926,000 after acquiring an additional 144 shares in the last quarter. Finally, Cromwell Holdings LLC raised its position in shares of Canadian Pacific Kansas City by 8.1% during the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after purchasing an additional 145 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.