Canadian Pacific Kansas City Limited (NYSE:CP) Stock Has Consensus Target Price of $112.00 According to Brokerages

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $112.00.

A number of equities analysts have weighed in on the stock. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Evercore reaffirmed an “outperform” rating and set a $96.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday. Wells Fargo & Company boosted their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Susquehanna cut their price target on Canadian Pacific Kansas City from $106.00 to $98.00 and set a “positive” rating on the stock in a research note on Friday, October 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th.

Canadian Pacific Kansas City Stock Up 2.0%

NYSE CP opened at $91.43 on Friday. The stock has a market cap of $80.01 billion, a PE ratio of 29.31, a P/E/G ratio of 1.89 and a beta of 1.13. Canadian Pacific Kansas City has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The business has a 50 day moving average price of $88.65 and a two-hundred day moving average price of $86.01. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 28th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.03). Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.22%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the company posted $1.10 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 3.67 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 25th. Stockholders of record on Thursday, December 31st will be paid a C$0.27 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is 24.04%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Large investors have recently bought and sold shares of the business. CenterBook Partners LP acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $366,000. Asset One Wealth Management LLC raised its position in shares of Canadian Pacific Kansas City by 26.6% during the third quarter. Asset One Wealth Management LLC now owns 27,955 shares of the transportation company’s stock worth $2,379,000 after acquiring an additional 5,868 shares during the last quarter. Calamos Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $4,333,000. Calamos Advisors LLC lifted its holdings in Canadian Pacific Kansas City by 379.1% in the third quarter. Calamos Advisors LLC now owns 364,799 shares of the transportation company’s stock valued at $31,044,000 after buying an additional 288,662 shares during the period. Finally, Argonautica Private Wealth Management Inc. lifted its stake in shares of Canadian Pacific Kansas City by 4.9% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 10,397 shares of the transportation company’s stock valued at $885,000 after purchasing an additional 487 shares during the period. Institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.