Canadian Pacific Kansas City (NYSE:CP) Now Covered by Citizens Jmp

Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a report published on Wednesday morning, Marketbeat.com reports. The firm issued a market perform rating on the transportation company’s stock.

A number of other research analysts have also commented on the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Citigroup upped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Wells Fargo & Company lifted their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings raised Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $104.91.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $90.52 on Wednesday. The company has a market cap of $80.11 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.82 and a beta of 1.10. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $87.94 and its 200 day simple moving average is $82.57. Canadian Pacific Kansas City has a 1-year low of $68.42 and a 1-year high of $92.15.

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 analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 earnings per share. On average, research analysts forecast that Canadian Pacific Kansas City will post 3.7 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a $0.268 dividend. The ex-dividend date is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is currently 23.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth about $978,558,000. Janus Henderson Group PLC lifted its holdings in Canadian Pacific Kansas City by 586.1% during the fourth quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock valued at $452,781,000 after purchasing an additional 5,251,755 shares during the last quarter. FIL Ltd boosted 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 worth $1,227,045,000 after buying an additional 2,804,686 shares during the period. Bessemer Group Inc. grew its position in shares of Canadian Pacific Kansas City by 5,826.3% in the first quarter. Bessemer Group Inc. now owns 2,545,049 shares of the transportation company’s stock valued at $199,605,000 after purchasing an additional 2,502,104 shares in the last quarter. Finally, Canoe Financial LP grew its holdings in Canadian Pacific Kansas City by 45,389.7% during the 1st quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock valued at $159,885,000 after buying an additional 2,028,010 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.