Canadian Pacific Kansas City Limited (NYSE:CP) Receives $95.30 Average Target Price from Brokerages

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have earned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $95.30.

A number of equities analysts recently issued reports on CP shares. ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Evercore decreased their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. Scotiabank lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Barclays set a $99.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, April 30th.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently bought and sold shares of the business. Dilation Capital Management LP increased 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 purchasing an additional 7,105 shares during the last quarter. Meixler Investment Management Ltd. purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $1,644,000. AGF Management Ltd. increased its position in shares of Canadian Pacific Kansas City by 9.9% during 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 during the last quarter. Nicola Wealth Management LTD. increased its position in shares of Canadian Pacific Kansas City by 46.8% during 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 during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Canadian Pacific Kansas City by 1.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock valued at $83,985,000 after purchasing an additional 14,916 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $84.75 on Friday. The stock has a market cap of $75.23 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.85 and a beta of 1.09. The firm’s 50-day moving average is $82.40 and its 200 day moving average is $77.45. Canadian Pacific Kansas City has a 1 year low of $68.42 and a 1 year high of $89.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. Sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.75 EPS 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, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is presently 24.07%.

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.