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

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target boosted by Susquehanna from $104.00 to $106.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a positive rating on the transportation company’s stock.

A number of other research analysts have also recently commented on the company. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, June 25th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.91.

Canadian Pacific Kansas City Stock Up 0.1%

Shares of CP stock opened at $91.47 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City has a one year low of $68.42 and a one year high of $92.16. The company’s fifty day moving average price is $87.85 and its 200-day moving average price is $82.45. The company has a market capitalization of $80.95 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 1.81 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued 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). The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 EPS. Sell-side analysts expect that Canadian Pacific Kansas City will post 3.71 EPS for the current fiscal 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 given 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 a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 24.07%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently modified their holdings of the stock. Prosperity Bancshares Inc purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth $26,000. Gilpin Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter valued at $29,000. McMillan Office Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at $31,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $35,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.