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

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

Other analysts also recently issued reports about the company. Wells Fargo & Company increased their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Citigroup upped their price objective on Canadian Pacific Kansas City from $97.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce raised their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research report on Thursday, June 25th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.91.

Canadian Pacific Kansas City Price Performance

CP opened at $93.70 on Friday. Canadian Pacific Kansas City has a 1 year low of $68.42 and a 1 year high of $93.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The company has a market capitalization of $82.93 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 1.87 and a beta of 1.10. The firm’s fifty day moving average price is $88.24 and its two-hundred day moving average price is $82.77.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $1.06 EPS. Canadian Pacific Kansas City’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that Canadian Pacific Kansas City will post 3.68 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.07%.

Institutional Trading of Canadian Pacific Kansas City

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Canadian Pacific Kansas City by 3.8% during the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after purchasing an additional 130 shares during the period. Foster Group Inc. raised its stake in Canadian Pacific Kansas City by 3.3% during the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock worth $371,000 after buying an additional 137 shares during the period. Modern Wealth Management LLC raised its stake in Canadian Pacific Kansas City by 1.2% during the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock worth $950,000 after buying an additional 142 shares during the period. Altshuler Shaham Ltd boosted its holdings in Canadian Pacific Kansas City by 1.2% in the first quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock worth $926,000 after acquiring an additional 144 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its holdings in Canadian Pacific Kansas City by 8.1% in the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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.