Canadian Pacific Kansas City Limited (NYSE:CP) Given Consensus Rating of “Hold” by Brokerages

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the stock, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $92.88.

A number of equities analysts have commented on CP shares. Stifel Nicolaus boosted their price objective on Canadian Pacific Kansas City from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Citigroup boosted their price objective on Canadian Pacific Kansas City from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. JPMorgan Chase & Co. reduced their price objective on Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Finally, StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lavaca Capital LLC acquired a new position in Canadian Pacific Kansas City in the second quarter valued at about $8,077,000. Element Capital Management LLC acquired a new position in Canadian Pacific Kansas City in the third quarter valued at about $7,815,000. SG Americas Securities LLC grew its stake in Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after acquiring an additional 12,748 shares during the period. Fund Management at Engine No. 1 LLC acquired a new position in Canadian Pacific Kansas City in the second quarter valued at about $7,688,000. Finally, Scopus Asset Management L.P. acquired a new position in Canadian Pacific Kansas City in the second quarter valued at about $10,096,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $88.17 on Monday. The stock’s fifty day simple moving average is $85.37 and its 200 day simple moving average is $78.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market cap of $82.21 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 2.67 and a beta of 0.94. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. On average, analysts expect that Canadian Pacific Kansas City will post 3.22 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a $0.1415 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, March 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.83%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.