Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) PT at $92.00

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $92.20.

CP has been the topic of several recent analyst reports. 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. Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of large investors have recently added to or reduced their stakes in CP. Dilation Capital Management LP grew its stake 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 purchasing an additional 7,105 shares during the period. Meixler Investment Management Ltd. bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $1,644,000. AGF Management Ltd. lifted its stake in shares of 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 worth $149,215,000 after purchasing an additional 180,419 shares during the period. Nicola Wealth Management LTD. boosted its holdings in shares of Canadian Pacific Kansas City by 46.8% in the third quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock worth $10,539,000 after buying an additional 45,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 1.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock worth $83,985,000 after buying an additional 14,916 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $78.98 on Friday. Canadian Pacific Kansas City has a twelve month low of $66.49 and a twelve month high of $89.42. 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 company has a market capitalization of $70.92 billion, a P/E ratio of 24.45, a PEG ratio of 1.63 and a beta of 1.06. The stock’s 50 day moving average is $80.43 and its 200 day moving average is $76.02.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its 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). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the firm posted $1.29 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 20.43%.

About Canadian Pacific Kansas City

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.