Canadian Pacific Kansas City Limited (NYSE:CP) Receives $91.69 Average PT from Analysts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned an average rating of “Moderate Buy” from the eighteen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $91.8333.

Several research analysts have commented on CP shares. Royal Bank Of Canada dropped their target price on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Finally, Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $73.45 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 market capitalization of $65.90 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.60 and a beta of 1.10. The stock’s fifty day simple moving average is $72.59 and its 200 day simple moving average is $75.16. Canadian Pacific Kansas City has a 52-week low of $66.49 and a 52-week high of $83.65.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend 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 (DPR) is presently 19.82%.

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors have recently made changes to their positions in the stock. Vanderbilt University lifted its holdings in shares of Canadian Pacific Kansas City by 10.3% during the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock valued at $5,982,000 after buying an additional 7,050 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in Canadian Pacific Kansas City by 2.2% in the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after buying an additional 14,260 shares during the last quarter. Key Financial Inc bought a new position in Canadian Pacific Kansas City during the second quarter valued at approximately $371,000. Ninety One North America Inc. lifted its stake in Canadian Pacific Kansas City by 135.7% in the second quarter. Ninety One North America Inc. now owns 206,785 shares of the transportation company’s stock valued at $16,394,000 after acquiring an additional 119,052 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in Canadian Pacific Kansas City by 7.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,935,337 shares of the transportation company’s stock valued at $153,847,000 after acquiring an additional 136,981 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.