Wells Fargo & Company Issues Positive Forecast for Canadian Pacific Kansas City (NYSE:CP) Stock Price

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price boosted by Wells Fargo & Company from $90.00 to $100.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has an overweight rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the stock. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Sanford C. Bernstein raised their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.91.

Canadian Pacific Kansas City Stock Up 0.9%

Shares of NYSE CP opened at $89.50 on Wednesday. The stock has a market capitalization of $79.20 billion, a PE ratio of 27.62, a P/E/G ratio of 1.74 and a beta of 1.10. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average of $87.41 and a 200-day moving average of $81.99. Canadian Pacific Kansas City has a 52-week low of $68.42 and a 52-week high of $91.52.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share. On average, analysts anticipate that Canadian Pacific Kansas City will post 3.75 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. Investors of record on Friday, June 26th will be paid a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.2%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 24.07%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prosperity Bancshares Inc bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $29,000. McMillan Office Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $31,000. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $36,000. 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.