Canadian Pacific Kansas City Limited (NYSE:CP) Receives Average Recommendation of "Moderate Buy" from Analysts

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP has earned a consensus rating of "Moderate Buy" from the eighteen brokerages that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $94.15.

Several brokerages have commented on CP. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their target price for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Stephens lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, July 17th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein decreased their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research report on Wednesday, October 9th.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds have recently modified their holdings of the company. Choate Investment Advisors grew its stake in Canadian Pacific Kansas City by 24.2% in the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company's stock valued at $6,349,000 after acquiring an additional 14,037 shares during the period. Encompass Capital Advisors LLC bought a new stake in Canadian Pacific Kansas City during the 2nd quarter worth approximately $11,810,000. Cetera Investment Advisers raised its holdings in Canadian Pacific Kansas City by 272.0% during the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company's stock worth $4,874,000 after buying an additional 40,380 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Canadian Pacific Kansas City by 16.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 71,167 shares of the transportation company's stock valued at $6,275,000 after buying an additional 10,234 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $2,629,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded up $1.22 during mid-day trading on Tuesday, hitting $79.33. The company's stock had a trading volume of 1,822,439 shares, compared to its average volume of 2,111,277. Canadian Pacific Kansas City has a twelve month low of $69.08 and a twelve month high of $91.58. The stock's fifty day moving average price is $82.51 and its two-hundred day moving average price is $80.99. The stock has a market capitalization of $74.04 billion, a P/E ratio of 27.90, a P/E/G ratio of 2.29 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period last year, the firm earned $0.69 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts forecast that Canadian Pacific Kansas City will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm 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 $0.14 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 19.64%.

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.