Citigroup Cuts Canadian Pacific Kansas City (NYSE:CP) Price Target to $86.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price reduced by Citigroup from $88.00 to $86.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities analysts also recently issued reports on the company. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a report on Thursday. Susquehanna set a $87.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Natl Bk Canada cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $74.37 on Friday. The company has a 50-day simple moving average of $73.13 and a two-hundred day simple moving average of $74.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The firm has a market capitalization of $66.75 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.10. Canadian Pacific Kansas City has a one year low of $66.49 and a one year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 EPS. On average, analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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 payout ratio is currently 20.43%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several large investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter valued at about $27,000. Caldwell Trust Co purchased a new position in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $30,000. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City during the first quarter valued at approximately $35,000. Cornerstone Planning Group LLC boosted its holdings in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the last quarter. Finally, Wealth Watch Advisors INC purchased a new stake in Canadian Pacific Kansas City in the third quarter worth approximately $36,000. 72.20% of the stock is currently owned by institutional investors.

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.