Susquehanna Trims Canadian Pacific Kansas City (NYSE:CP) Target Price to $80.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective decreased by Susquehanna from $84.00 to $80.00 in a research note released on Thursday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

CP has been the subject of a number of other research reports. TD Securities cut Canadian Pacific Kansas City from a buy rating to a hold rating in a report on Monday, January 8th. Benchmark restated a hold rating on shares of Canadian Pacific Kansas City in a report on Wednesday, April 10th. Stifel Nicolaus upped their price target on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a hold rating in a report on Friday, April 12th. Scotiabank reissued a sector perform rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, StockNews.com raised Canadian Pacific Kansas City from a sell rating to a hold rating in a research note on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $96.42.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of CP opened at $81.68 on Thursday. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.46 and a current ratio of 0.49. The company’s fifty day moving average is $87.04 and its 200 day moving average is $79.85. The stock has a market capitalization of $76.18 billion, a PE ratio of 26.18, a P/E/G ratio of 2.11 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Sell-side analysts expect that Canadian Pacific Kansas City will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Canadian Pacific Kansas City by 12.1% in the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 133 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Canadian Pacific Kansas City by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after acquiring an additional 141 shares in the last quarter. Commerce Bank boosted its stake in Canadian Pacific Kansas City by 0.3% in the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after acquiring an additional 144 shares in the last quarter. Accretive Wealth Partners LLC grew its holdings in Canadian Pacific Kansas City by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after purchasing an additional 145 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Canadian Pacific Kansas City by 0.3% during the third quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after purchasing an additional 148 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

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.