Evercore ISI Cuts Canadian Pacific Kansas City (NYSE:CP) Price Target to $85.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target lowered by Evercore ISI from $87.00 to $85.00 in a research note released on Thursday morning, Marketbeat reports. The brokerage currently has an outperform rating on the transportation company’s stock.

A number of other analysts have also recently issued reports on CP. Royal Bank Of Canada reduced their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Barclays set a $93.00 price target on Canadian Pacific Kansas City in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Citigroup set a $88.00 target price on Canadian Pacific Kansas City and gave the company a “buy” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $74.37 on Thursday. The stock has a market cap of $66.75 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $83.65. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $73.13 and its two-hundred day moving average price is $74.17.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the company posted $1.29 EPS. Canadian Pacific Kansas City’s revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.43%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently made changes to their positions in CP. Triasima Portfolio Management inc. purchased a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $2,989,000. Dilation Capital Management LP raised its position in shares of Canadian Pacific Kansas City by 4.4% during the third quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock valued at $12,683,000 after buying an additional 7,105 shares during the last quarter. Nicola Wealth Management LTD. increased its stake in Canadian Pacific Kansas City by 46.8% in the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock worth $10,539,000 after acquiring an additional 45,100 shares during the last quarter. Vanderbilt University grew its position in Canadian Pacific Kansas City by 10.3% in the second quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after acquiring an additional 7,050 shares in the last quarter. Finally, Cardinal Capital Management Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 11.6% in the 3rd quarter. Cardinal Capital Management Inc. now owns 1,494,133 shares of the transportation company’s stock worth $111,349,000 after acquiring an additional 155,640 shares during the last quarter. Institutional investors and hedge funds 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.