Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $89.00 by Analysts at Evercore

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target reduced by Evercore from $90.00 to $89.00 in a report issued on Thursday, BayStreet.CA reports. Evercore currently has an outperform rating on the transportation company’s stock.

Other research analysts have also issued research reports about the company. Bank of America dropped their price target on Canadian Pacific Kansas City from $97.00 to $92.00 and set a buy rating for the company in a research report on Thursday. Stifel Nicolaus raised their price objective on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a hold rating in a research note on Friday, April 12th. Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a neutral rating for the company in a research note on Thursday. StockNews.com raised shares of Canadian Pacific Kansas City from a sell rating to a hold rating in a research note on Wednesday, January 31st. Finally, Barclays raised their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $96.42.

Canadian Pacific Kansas City Trading Down 0.5 %

CP opened at $81.68 on Thursday. The firm has a market cap of $76.18 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.11 and a beta of 0.94. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $87.04 and a 200 day moving average of $79.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. As a group, research analysts forecast that Canadian Pacific Kansas City will post 3.16 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Canadian Pacific Kansas City by 12.1% in the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after buying an additional 133 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Canadian Pacific Kansas City by 4.1% in the third quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after buying an additional 141 shares in the last quarter. Commerce Bank grew its holdings in Canadian Pacific Kansas City by 0.3% in the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after purchasing an additional 144 shares during the last quarter. Accretive Wealth Partners LLC grew its holdings in Canadian Pacific Kansas City by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after purchasing an additional 145 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Canadian Pacific Kansas City by 0.3% in the third quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.