Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Price Target at $94.68

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP has earned an average rating of "Moderate Buy" from the seventeen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $94.22.

A number of research analysts have recently issued reports on CP shares. Barclays cut their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Susquehanna decreased their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a research report on Thursday, March 27th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, StockNews.com lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th.

Canadian Pacific Kansas City Stock Down 2.1 %

Canadian Pacific Kansas City stock traded down $1.43 during midday trading on Friday, hitting $67.17. 6,092,089 shares of the company's stock were exchanged, compared to its average volume of 2,632,129. Canadian Pacific Kansas City has a 12 month low of $66.53 and a 12 month high of $89.26. 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 company has a market cap of $62.71 billion, a PE ratio of 23.16, a P/E/G ratio of 2.00 and a beta of 1.01. The firm has a 50-day moving average of $75.01 and a two-hundred day moving average of $76.54.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.79%. Canadian Pacific Kansas City's dividend payout ratio is currently 17.93%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bernard Wealth Management Corp. purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at approximately $33,000. Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $34,000. YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $36,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

About Canadian Pacific Kansas City

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.