Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) PT at $92.63

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP has been assigned a consensus rating of "Moderate Buy" from the fifteen analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $92.63.

A number of research firms have recently issued reports on CP. Evercore ISI lifted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a report on Wednesday, September 25th. Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research report on Thursday. Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a report on Wednesday, January 8th. Sanford C. Bernstein dropped their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a report on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th.

Canadian Pacific Kansas City Stock Up 0.3 %

CP stock traded up $0.24 during mid-day trading on Friday, hitting $74.80. 3,153,832 shares of the company were exchanged, compared to its average volume of 2,119,487. The firm has a market cap of $69.83 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City has a 1-year low of $70.89 and a 1-year high of $91.58. 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 firm's 50 day simple moving average is $74.69 and its 200 day simple moving average is $79.17.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued 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 net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that Canadian Pacific Kansas City will post 3.02 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. Stockholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 19.29%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Bank of Montreal Can grew its stake in Canadian Pacific Kansas City by 2.8% during 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 in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Canadian Pacific Kansas City by 5.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company's stock worth $1,088,155,000 after acquiring an additional 723,188 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Canadian Pacific Kansas City by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company's stock valued at $909,721,000 after acquiring an additional 216,062 shares during the last quarter. JPMorgan Chase & Co. raised its position in Canadian Pacific Kansas City by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock valued at $750,046,000 after purchasing an additional 381,594 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock worth $501,219,000 after purchasing an additional 537,418 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

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.