Canadian Pacific Kansas City (NYSE:CP) PT Raised to $98.00

Canadian Pacific Kansas City (NYSE:CP - Free Report) TSE: CP had its price objective upped by Citigroup from $97.00 to $98.00 in a research note published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the transportation company's stock.

A number of other research analysts also recently commented on CP. Barclays upped their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Sanford C. Bernstein dropped their price objective on shares of 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. Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Bank of America dropped their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $97.78.

Canadian Pacific Kansas City Stock Down 0.4 %

NYSE CP traded down $0.33 on Thursday, reaching $78.50. The company had a trading volume of 3,616,073 shares, compared to its average volume of 2,110,251. The firm has a 50-day moving average of $82.92 and a 200-day moving average of $81.50. The firm has a market capitalization of $73.24 billion, a PE ratio of 25.16, a P/E/G ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the firm posted $0.69 EPS. Canadian Pacific Kansas City's revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Canadian Pacific Kansas City will post 3.2 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.14 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is presently 17.31%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently modified their holdings of the stock. Brookstone Capital Management boosted its holdings in shares of Canadian Pacific Kansas City by 55.0% in the first quarter. Brookstone Capital Management now owns 14,959 shares of the transportation company's stock worth $1,319,000 after buying an additional 5,308 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Canadian Pacific Kansas City by 358.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 24,921 shares of the transportation company's stock valued at $2,197,000 after purchasing an additional 19,489 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Canadian Pacific Kansas City by 42.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 80,748 shares of the transportation company's stock valued at $7,120,000 after purchasing an additional 24,063 shares in the last quarter. Independence Bank of Kentucky boosted its position in shares of Canadian Pacific Kansas City by 70.9% in the first quarter. Independence Bank of Kentucky now owns 940 shares of the transportation company's stock worth $83,000 after buying an additional 390 shares during the period. Finally, Blue Zone Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at $4,160,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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.