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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $104.30.

A number of research firms have recently commented on CP. 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. Susquehanna reaffirmed a “positive” rating and issued a $104.00 price objective on shares of Canadian Pacific Kansas City in a research report on Friday, June 5th. Canadian Imperial Bank of Commerce increased their target price on 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. Argus set a $105.00 price target on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Finally, ATB Cormark Capital Markets downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $87.81 on Friday. Canadian Pacific Kansas City has a 1 year low of $68.42 and a 1 year high of $91.52. The firm’s 50-day moving average is $86.74 and its 200 day moving average is $81.18. The stock has a market cap of $77.71 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.88 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $2.66 billion for 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 quarter in the prior year, the business posted $1.06 earnings per share. Sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.76 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 20.68%.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors have recently made changes to their positions in the stock. Prosperity Bancshares Inc bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $29,000. McMillan Office Inc. bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $31,000. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors 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.