Kansas City Southern (KSU) Earns Hold Rating from Analysts at Vertical Research
Vertical Research initiated coverage on shares of Kansas City Southern (NYSE:KSU) in a research report issued on Tuesday, The Fly reports. The brokerage set a “hold” rating on the stock.
KSU has been the topic of a number of other reports. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $101.00 target price on shares of Kansas City Southern in a research report on Tuesday, September 13th. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, September 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $98.00 target price on shares of Kansas City Southern in a research report on Tuesday, October 4th. Loop Capital reaffirmed a “buy” rating on shares of Kansas City Southern in a research report on Friday, September 9th. Finally, Royal Bank Of Canada increased their target price on shares of Kansas City Southern from $109.00 to $114.00 and gave the company an “outperform” rating in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $100.92.
Shares of Kansas City Southern (NYSE:KSU) traded up 2.08% on Tuesday, hitting $95.87. 660,344 shares of the company’s stock were exchanged. Kansas City Southern has a 12-month low of $62.20 and a 12-month high of $100.69. The company’s 50-day moving average price is $94.03 and its 200 day moving average price is $92.64. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 20.86 and a beta of 1.14.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, beating the Zacks’ 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 had revenue of $569 million for the quarter, compared to analyst estimates of $572.20 million. On average, equities analysts predict that Kansas City Southern will post $4.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Monday, September 12th were issued 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 dividend yield of 1.41%. Kansas City Southern’s dividend payout ratio (DPR) is presently 28.82%.
In other news, CEO Patrick J. Ottensmeyer sold 5,000 shares of Kansas City Southern stock in a transaction dated 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 sale, the chief executive officer now directly owns 90,228 shares in the company, valued at $8,627,601.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David L. Starling sold 5,100 shares of Kansas City Southern stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $98.88, for a total transaction of $504,288.00. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
Several large investors have recently modified their holdings of KSU. First American Trust FSB increased its stake in shares of Kansas City Southern by 43.8% in the third quarter. First American Trust FSB now owns 45,952 shares of the company’s stock worth $4,289,000 after buying an additional 13,986 shares during the period. Washington Trust Bank increased its stake in shares of Kansas City Southern by 3.2% in the third quarter. Washington Trust Bank now owns 1,651 shares of the company’s stock worth $154,000 after buying an additional 51 shares during the period. Macquarie Group Ltd. increased its stake in shares of Kansas City Southern by 10.4% in the second quarter. Macquarie Group Ltd. now owns 44,750 shares of the company’s stock worth $4,032,000 after buying an additional 4,200 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Kansas City Southern during the second quarter worth approximately $393,000. Finally, Kentucky Retirement Systems purchased a new stake in shares of Kansas City Southern during the second quarter worth approximately $827,000. Institutional investors and hedge funds own 91.32% of the company’s stock.
Kansas City Southern Company Profile
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.
Receive News & Ratings for Kansas City Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kansas City Southern and related companies with MarketBeat.com's FREE daily email newsletter.