Canadian Pacific Kansas City (NYSE:CP) Hits New 52-Week Low - Here's What Happened

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $71.94 and last traded at $71.94, with a volume of 423166 shares. The stock had previously closed at $73.01.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI increased their target price 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. Bank of America decreased their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Stifel Nicolaus cut their target price 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. Susquehanna raised Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their price target for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein cut their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $94.88.

Canadian Pacific Kansas City Price Performance

The stock has a market cap of $66.36 billion, a PE ratio of 25.39, a P/E/G ratio of 2.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm's 50 day moving average price is $77.05 and its two-hundred day moving average price is $79.80.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.79%. Canadian Pacific Kansas City's dividend payout ratio is 20.00%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Large investors have recently modified their holdings of the company. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after buying an additional 130 shares in the last quarter. Tower View Wealth Management LLC increased its position in shares of Canadian Pacific Kansas City by 0.3% in the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company's stock worth $4,410,000 after purchasing an additional 130 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company's stock valued at $355,000 after purchasing an additional 131 shares in the last quarter. Trust Co. of Vermont lifted its position in Canadian Pacific Kansas City by 4.7% during the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company's stock valued at $260,000 after purchasing an additional 135 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Canadian Pacific Kansas City by 12.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company's stock worth $107,000 after buying an additional 141 shares in the last quarter. 72.20% of the stock is currently 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.