Stifel Nicolaus Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $79.00

Canadian Pacific Kansas City (NYSE:CP - Free Report) TSE: CP had its target price lowered by Stifel Nicolaus from $85.00 to $79.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a hold rating on the transportation company's stock.

CP has been the topic of a number of other reports. Wolfe Research upgraded Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target on the stock in a report on Wednesday, January 8th. Stephens increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Susquehanna dropped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a report on Thursday, March 27th. StockNews.com cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Finally, Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $93.75.

Canadian Pacific Kansas City Trading Up 2.2 %

Shares of NYSE:CP traded up $1.64 on Monday, hitting $74.55. 1,729,295 shares of the company's stock were exchanged, compared to its average volume of 2,707,584. The stock has a market capitalization of $69.35 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City has a 12 month low of $66.49 and a 12 month high of $88.31. The business's 50 day simple moving average is $74.29 and its two-hundred day simple moving average is $75.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) 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%. Analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS 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. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City's payout ratio is 17.93%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CP. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth $31,000. Kestra Investment Management LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $33,000. Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth $36,000. Finally, Millstone Evans Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $36,000. 72.20% of the stock is currently 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.