Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) Target Price at $95.45

Shares of Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP have been assigned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $95.45.

A number of analysts have weighed in on CP shares. Wells Fargo & Company lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Susquehanna lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Barclays reduced their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th.

Canadian Pacific Kansas City Stock Down 1.0 %

Canadian Pacific Kansas City stock traded down $0.75 during mid-day trading on Thursday, reaching $77.53. 1,443,172 shares of the company were exchanged, compared to its average volume of 3,555,155. The business has a fifty day moving average of $75.74 and a 200 day moving average of $78.64. 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 has a market cap of $72.38 billion, a P/E ratio of 26.73, a PEG ratio of 2.02 and a beta of 0.97. Canadian Pacific Kansas City has a 12-month low of $70.89 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Research analysts anticipate that Canadian Pacific Kansas City will post 3.4 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 18.62%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in the company. S&CO Inc. grew its position in Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock worth $1,454,000 after purchasing an additional 11,000 shares during the period. Swiss National Bank grew its position in Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock worth $241,645,000 after purchasing an additional 23,000 shares during the period. Oak Family Advisors LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $262,000. Barclays PLC grew its position in Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after purchasing an additional 81,111 shares during the period. Finally, Toronto Dominion Bank grew its position in Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock worth $178,189,000 after purchasing an additional 352,534 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.