Canadian Pacific Kansas City Limited (NYSE:CP) Given Average Rating of “Moderate Buy” by Analysts

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $104.9091.

A number of equities research analysts have issued reports on CP shares. Evercore set a $91.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “outperform” rating in a report 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 company a “buy” rating in a research note on Thursday, July 9th. 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. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, June 24th.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth $978,558,000. Janus Henderson Group PLC increased its position 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 purchasing an additional 5,251,755 shares during the period. FIL Ltd increased its position in Canadian Pacific Kansas City by 20.2% during the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after purchasing an additional 2,804,686 shares during the period. 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 worth $199,605,000 after purchasing an additional 2,502,104 shares in the last quarter. Finally, Canoe Financial LP raised its holdings 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. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.0%

Shares of Canadian Pacific Kansas City stock opened at $91.20 on Thursday. 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 has a 52-week low of $68.42 and a 52-week high of $93.95. The stock has a market capitalization of $80.71 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 1.82 and a beta of 1.10. The company’s 50 day moving average price is $88.60 and its 200-day moving average price is $83.20.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts forecast that Canadian Pacific Kansas City will post 3.69 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed 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. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 24.07%.

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.