Canadian Pacific Kansas City (NYSE:CP) Sets New 52-Week High Following Analyst Upgrade

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) hit a new 52-week high during trading on Wednesday after Susquehanna raised their price target on the stock from $104.00 to $106.00. Susquehanna currently has a positive rating on the stock. Canadian Pacific Kansas City traded as high as $92.16 and last traded at $91.4730, with a volume of 2358538 shares traded. The stock had previously closed at $91.35.

A number of other brokerages also recently issued reports on CP. Sanford C. Bernstein increased their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Evercore set a $91.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.91.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently added to or reduced their stakes in CP. Norges Bank acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $978,558,000. Janus Henderson Group PLC grew its stake in Canadian Pacific Kansas City by 586.1% during the 4th quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock valued at $452,781,000 after acquiring an additional 5,251,755 shares in the last quarter. FIL Ltd raised its holdings in Canadian Pacific Kansas City by 20.2% in the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after acquiring an additional 2,804,686 shares during the last quarter. Bessemer Group Inc. raised its holdings in Canadian Pacific Kansas City by 5,826.3% in the 1st quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company’s stock valued at $199,605,000 after acquiring an additional 2,502,104 shares during the last quarter. Finally, Canoe Financial LP lifted its stake in Canadian Pacific Kansas City by 45,389.7% in the 1st quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock worth $159,885,000 after purchasing an additional 2,028,010 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

The firm has a market capitalization of $80.95 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. The stock’s 50 day simple moving average is $87.85 and its two-hundred day simple moving average is $82.45. 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 posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the company earned $1.06 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.71 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis 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 dividend payout ratio is presently 24.07%.

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.