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 issued to investors on Monday.

A number of other brokerages also recently issued reports on CP. Susquehanna set a $87.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, October 30th. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Finally, Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Trading Down 0.5%

Shares of CP opened at $85.89 on Monday. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $86.55. The firm has a market capitalization of $77.10 billion, a P/E ratio of 26.59, a P/E/G ratio of 1.84 and a beta of 1.10. The firm has a 50-day moving average price of $76.46 and a 200 day moving average price of $74.93. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts forecast that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is currently 20.43%.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently added to or reduced their stakes in CP. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $978,558,000. JPMorgan Chase & Co. grew its stake in shares of Canadian Pacific Kansas City by 87.2% during the second quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock worth $1,268,325,000 after purchasing an additional 7,454,810 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Canadian Pacific Kansas City by 586.1% in the fourth quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock valued at $452,781,000 after buying an additional 5,251,755 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Canadian Pacific Kansas City by 281.0% in the second quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock valued at $430,540,000 after buying an additional 4,005,942 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Canadian Pacific Kansas City by 18.3% in the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after buying an additional 3,585,030 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.