Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) PT at $94.88

Shares of Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP have received a consensus rating of "Moderate Buy" from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $94.88.

CP has been the subject of several research analyst reports. Citigroup decreased their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Evercore ISI increased their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. Susquehanna raised Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their target price for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a report on Wednesday, October 9th. Finally, Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Friday, October 11th.

Canadian Pacific Kansas City Trading Up 1.6 %

NYSE CP traded up $1.24 on Friday, hitting $76.59. 1,928,729 shares of the stock were exchanged, compared to its average volume of 2,261,070. Canadian Pacific Kansas City has a 52-week low of $71.08 and a 52-week high of $91.58. The firm has a market capitalization of $71.48 billion, a P/E ratio of 27.35, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a fifty day moving average price of $79.26 and a two-hundred day moving average price of $80.23.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. Canadian Pacific Kansas City's revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts forecast that Canadian Pacific Kansas City will post 3.06 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.73%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 19.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its holdings in shares of Canadian Pacific Kansas City by 2.8% in the second quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company's stock worth $1,580,556,000 after buying an additional 533,792 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Canadian Pacific Kansas City by 5.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company's stock valued at $1,088,155,000 after acquiring an additional 723,188 shares during the period. The Manufacturers Life Insurance Company raised its stake in Canadian Pacific Kansas City by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company's stock worth $909,721,000 after acquiring an additional 216,062 shares during the last quarter. Franklin Resources Inc. lifted its position in Canadian Pacific Kansas City by 9.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock worth $501,219,000 after acquiring an additional 537,418 shares during the period. Finally, Fiera Capital Corp lifted its position in Canadian Pacific Kansas City by 1.9% during the 3rd quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company's stock worth $497,918,000 after acquiring an additional 107,183 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.