Kansas City Southern (KSU) Now Covered by Goldman Sachs Group, Inc. (The)
Investment analysts at Goldman Sachs Group, Inc. (The) initiated coverage on shares of Kansas City Southern (NYSE:KSU) in a note issued to investors on Monday. The firm set a “neutral” rating on the transportation company’s stock.
Several other brokerages have also recently commented on KSU. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Thursday, August 24th. Cowen and Company reaffirmed a “hold” rating on shares of Kansas City Southern in a report on Friday, August 25th. Loop Capital reaffirmed a “buy” rating and set a $124.00 target price (up from $118.00) on shares of Kansas City Southern in a report on Monday, October 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $109.00 target price on shares of Kansas City Southern in a report on Monday, October 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $118.00 price objective on shares of Kansas City Southern in a research note on Thursday, September 21st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $113.31.
Kansas City Southern (NYSE KSU) opened at $104.80 on Monday. Kansas City Southern has a fifty-two week low of $79.05 and a fifty-two week high of $109.13. The company has a market cap of $10,851.32, a P/E ratio of 21.09, a PEG ratio of 1.55 and a beta of 0.84. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.
Kansas City Southern (NYSE:KSU) last announced its earnings results on Friday, October 20th. The transportation company reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.03. Kansas City Southern had a net margin of 21.42% and a return on equity of 11.86%. The company had revenue of $653.00 million for the quarter, compared to analysts’ expectations of $651.95 million. During the same period last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. research analysts predict that Kansas City Southern will post 5.21 EPS for the current fiscal year.
Kansas City Southern announced that its board has authorized a share repurchase program on Tuesday, August 15th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
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In other news, SVP Mary K. Stadler sold 1,973 shares of Kansas City Southern stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.91, for a total transaction of $205,014.43. Following the transaction, the senior vice president now owns 6,102 shares in the company, valued at $634,058.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Delano Jose Guillermo Zozaya sold 6,000 shares of Kansas City Southern stock in a transaction on Monday, August 28th. The stock was sold at an average price of $102.93, for a total transaction of $617,580.00. Following the transaction, the insider now owns 42,087 shares in the company, valued at approximately $4,332,014.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,442 shares of company stock worth $1,727,525. Insiders own 0.95% of the company’s stock.
Several large investors have recently modified their holdings of KSU. Sustainable Growth Advisers LP lifted its holdings in shares of Kansas City Southern by 19.7% during the second quarter. Sustainable Growth Advisers LP now owns 2,500,791 shares of the transportation company’s stock worth $261,708,000 after purchasing an additional 412,275 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Kansas City Southern by 57.8% during the second quarter. Neuberger Berman Group LLC now owns 935,974 shares of the transportation company’s stock worth $97,950,000 after purchasing an additional 342,800 shares during the period. Ardevora Asset Management LLP acquired a new position in shares of Kansas City Southern during the third quarter worth $35,593,000. Koch Industries Inc. acquired a new position in shares of Kansas City Southern during the second quarter worth $306,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Kansas City Southern by 66.2% during the second quarter. Franklin Resources Inc. now owns 751,520 shares of the transportation company’s stock worth $78,647,000 after purchasing an additional 299,266 shares during the period. Institutional investors own 85.74% 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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