Canadian Pacific Kansas City (NYSE:CP) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Several other equities analysts have also recently issued reports on the company. Citigroup decreased their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Barclays set a $93.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, National Bank Financial downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $87.72 on Tuesday. The company has a fifty day simple moving average of $77.55 and a 200-day simple moving average of $75.31. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $78.77 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.91 and a beta of 1.06. Canadian Pacific Kansas City has a 52-week low of $66.49 and a 52-week high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, equities analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 20.43%.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors have recently modified their holdings of the business. Dilation Capital Management LP lifted its position in shares of Canadian Pacific Kansas City by 4.4% during the 3rd quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock valued at $12,683,000 after acquiring an additional 7,105 shares during the period. Meixler Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $1,644,000. AGF Management Ltd. increased its stake in Canadian Pacific Kansas City by 9.9% in the 3rd quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock valued at $149,215,000 after purchasing an additional 180,419 shares in the last quarter. Nicola Wealth Management LTD. increased its stake in Canadian Pacific Kansas City by 46.8% in the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock valued at $10,539,000 after purchasing an additional 45,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Canadian Pacific Kansas City by 1.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock worth $83,985,000 after purchasing an additional 14,916 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.