Canadian Pacific Kansas City (NYSE:CP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other brokerages have also issued reports on CP. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Royal Bank Of Canada cut their price objective on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.69.

Canadian Pacific Kansas City Trading Down 1.0%

Shares of CP stock opened at $74.43 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $73.22 and a 200 day simple moving average of $75.96. Canadian Pacific Kansas City has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. The stock has a market capitalization of $66.78 billion, a P/E ratio of 22.69, a P/E/G ratio of 1.90 and a beta of 1.11.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the company posted $0.99 EPS. On average, sell-side analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors have recently modified their holdings of CP. Twin Peaks Wealth Advisors LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth $27,000. Caldwell Trust Co acquired a new stake in Canadian Pacific Kansas City during the third quarter worth approximately $30,000. Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth approximately $36,000. Cornerstone Planning Group LLC increased its stake in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. 72.20% of the stock is currently owned by institutional investors.

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.