Kansas City Southern (KSU) Price Target Increased to $130.00 by Analysts at J P Morgan Chase & Co
Kansas City Southern (NYSE:KSU) had its target price upped by J P Morgan Chase & Co from $116.00 to $130.00 in a research report sent to investors on Thursday morning. The firm currently has an overweight rating on the transportation company’s stock.
Other equities analysts have also issued reports about the company. Stifel Nicolaus reaffirmed a buy rating and issued a $108.00 target price on shares of Kansas City Southern in a research report on Friday, June 30th. BidaskClub lowered Kansas City Southern from a strong-buy rating to a buy rating in a research report on Thursday, June 22nd. Aegis upped their target price on Kansas City Southern from $110.00 to $115.00 and gave the company a buy rating in a research report on Monday, June 19th. Zacks Investment Research raised Kansas City Southern from a hold rating to a buy rating and set a $118.00 target price on the stock in a research report on Thursday, August 24th. Finally, Citigroup Inc. reaffirmed a buy rating and issued a $123.00 target price (up from $116.00) on shares of Kansas City Southern in a research report on Wednesday, October 4th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Kansas City Southern has a consensus rating of Buy and a consensus price target of $109.19.
Kansas City Southern (NYSE:KSU) traded down 1.22% during mid-day trading on Thursday, hitting $104.17. 825,720 shares of the company were exchanged. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 20.96 and a beta of 0.81. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $109.13. The firm has a 50 day moving average price of $105.68 and a 200 day moving average price of $99.24.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The company had revenue of $656.40 million for the quarter, compared to analyst estimates of $627.81 million. During the same period in the prior year, the company posted $1.22 EPS. Kansas City Southern’s quarterly revenue was up 15.5% on a year-over-year basis. Analysts anticipate that Kansas City Southern will post $5.18 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Monday, September 11th were paid a dividend of $0.36 per share. This is an increase from Kansas City Southern’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, September 8th. Kansas City Southern’s dividend payout ratio is presently 28.92%.
Kansas City Southern declared that its Board of Directors has approved a share buyback program on Tuesday, August 15th that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director Henry J. Maier acquired 3,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $106.19 per share, for a total transaction of $318,570.00. Following the purchase, the director now directly owns 4,159 shares in the company, valued at $441,644.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Antonio O. Garza sold 4,018 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $107.94, for a total value of $433,702.92. Following the transaction, the director now owns 4,920 shares of the company’s stock, valued at $531,064.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,469 shares of company stock valued at $1,522,510. 0.95% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of KSU. BlackRock Inc. grew its stake in Kansas City Southern by 4,542.5% during the 1st quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock worth $892,591,000 after buying an additional 10,183,801 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Kansas City Southern by 588.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock worth $369,943,000 after buying an additional 3,687,248 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Kansas City Southern during the 1st quarter worth $52,373,000. Marshall Wace North America L.P. bought a new position in Kansas City Southern during the 1st quarter worth $52,373,000. Finally, Point72 Asset Management L.P. bought a new position in Kansas City Southern during the 1st quarter worth $41,474,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.
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.
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