Kansas City Southern (KSU) Earns Buy Rating from Loop Capital
Loop Capital restated their buy rating on shares of Kansas City Southern (NYSE:KSU) in a research note issued to investors on Wednesday morning. They currently have a $113.00 price objective on the stock, down from their prior price objective of $115.00.
Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets reiterated a market perform rating and set a $98.00 target price on shares of Kansas City Southern in a research note on Tuesday, October 4th. Zacks Investment Research upgraded shares of Kansas City Southern from a hold rating to a buy rating and set a $101.00 target price for the company in a research note on Tuesday, September 20th. Credit Suisse Group AG restated a hold rating and issued a $101.00 price objective on shares of Kansas City Southern in a research report on Tuesday, September 13th. Citigroup Inc. raised their price objective on shares of Kansas City Southern from $109.00 to $110.00 and gave the company a buy rating in a research report on Tuesday, September 13th. Finally, Barclays PLC upgraded shares of Kansas City Southern from an underweight rating to an equal weight rating and raised their price objective for the company from $94.00 to $99.00 in a research report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $100.92.
Kansas City Southern (NYSE:KSU) opened at 94.17 on Wednesday. The firm has a market capitalization of $10.17 billion, a PE ratio of 20.49 and a beta of 1.14. The stock’s 50 day moving average price is $94.18 and its 200 day moving average price is $92.47. Kansas City Southern has a one year low of $62.20 and a one year high of $100.69.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.14. Kansas City Southern had a net margin of 21.13% and a return on equity of 12.00%. The business earned $569 million during the quarter, compared to the consensus estimate of $572.20 million. Analysts expect that Kansas City Southern will post $4.73 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Monday, September 12th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.43%. Kansas City Southern’s dividend payout ratio (DPR) is currently 28.82%.
In other Kansas City Southern news, SVP William J. Wochner sold 26,521 shares of Kansas City Southern stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total value of $2,607,544.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick J. Ottensmeyer sold 5,000 shares of Kansas City Southern stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $95.62, for a total transaction of $478,100.00. Following the completion of the transaction, the chief executive officer now owns 90,228 shares in the company, valued at approximately $8,627,601.36. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Kansas City Southern by 1.4% in the second quarter. Vanguard Group Inc. now owns 9,452,097 shares of the company’s stock worth $851,539,000 after buying an additional 133,749 shares during the period. Winslow Capital Management LLC bought a new position in shares of Kansas City Southern during the second quarter worth $261,621,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Kansas City Southern by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,809,940 shares of the company’s stock worth $240,109,000 after buying an additional 19,869 shares during the period. Waddell & Reed Financial Inc. raised its position in shares of Kansas City Southern by 14.8% in the second quarter. Waddell & Reed Financial Inc. now owns 2,558,753 shares of the company’s stock worth $230,518,000 after buying an additional 330,177 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of Kansas City Southern by 2.0% in the second quarter. TIAA CREF Investment Management LLC now owns 1,254,163 shares of the company’s stock worth $112,988,000 after buying an additional 24,053 shares during the period. Institutional investors own 91.32% of the company’s stock.
About Kansas City Southern
Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri and several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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