Research analysts at Goldman Sachs Group began coverage on shares of Kansas City Southern (NYSE:KSU) in a research report issued to clients and investors on Monday, November 13th, MarketBeat.com reports. The brokerage set a “neutral” rating and a $109.00 price target on the transportation company’s stock. Goldman Sachs Group’s price target indicates a potential upside of 3.59% from the stock’s current price.
A number of other equities analysts have also recently commented on KSU. UBS Group reiterated a “positive” rating and issued a $117.00 target price (up previously from $103.00) on shares of Kansas City Southern in a report on Monday, July 24th. Cowen reiterated a “market perform” rating and issued a $104.00 target price (up previously from $95.00) on shares of Kansas City Southern in a report on Monday, July 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $105.00 target price (up previously from $98.00) on shares of Kansas City Southern in a report on Tuesday, July 25th. BidaskClub cut Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 target price (up previously from $114.00) on shares of Kansas City Southern in a report on Friday, August 18th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $113.18.
Kansas City Southern (NYSE:KSU) traded down $0.39 during midday trading on Monday, reaching $105.22. The company’s stock had a trading volume of 795,207 shares, compared to its average volume of 1,070,107. The stock has a market cap of $10,894.79, a PE ratio of 21.17, a PEG ratio of 1.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.53. Kansas City Southern has a fifty-two week low of $79.05 and a fifty-two week high of $114.85.
In related news, COO Jeffrey M. Songer sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $111.80, for a total transaction of $335,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mary K. Stadler sold 1,973 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.91, for a total value of $205,014.43. Following the sale, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at $634,058.82. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Kansas City Southern by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,363,571 shares of the transportation company’s stock valued at $1,084,547,000 after purchasing an additional 253,631 shares in the last quarter. Sustainable Growth Advisers LP raised its position in Kansas City Southern by 19.7% during the 2nd quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company’s stock valued at $261,708,000 after purchasing an additional 412,275 shares in the last quarter. Wells Fargo & Company MN raised its position in Kansas City Southern by 0.7% during the 3rd quarter. Wells Fargo & Company MN now owns 2,404,732 shares of the transportation company’s stock valued at $261,346,000 after purchasing an additional 16,177 shares in the last quarter. Commonwealth Bank of Australia raised its position in Kansas City Southern by 13.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,659,583 shares of the transportation company’s stock valued at $173,674,000 after purchasing an additional 192,835 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Kansas City Southern by 16.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,466,587 shares of the transportation company’s stock valued at $153,426,000 after purchasing an additional 211,518 shares in the last quarter. 83.56% of the stock is owned by hedge funds and other institutional investors.
About Kansas City Southern
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
