Canadian Pacific Kansas City (NYSE:CP) Lifted to "Positive" at Susquehanna

Susquehanna upgraded shares of Canadian Pacific Kansas City (NYSE:CP - Free Report) TSE: CP from a neutral rating to a positive rating in a research note issued to investors on Thursday, Marketbeat reports. Susquehanna currently has $92.00 target price on the transportation company's stock, down from their prior target price of $94.00.

A number of other research firms have also recently weighed in on CP. Sanford C. Bernstein cut their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a research note on Wednesday, October 9th. Scotiabank upgraded Canadian Pacific Kansas City from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, July 10th. Evercore ISI raised their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. Stifel Nicolaus cut their price target 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. Finally, Citigroup initiated coverage on Canadian Pacific Kansas City in a research note on Wednesday, October 9th. They issued a "buy" rating and a $97.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $97.78.

Canadian Pacific Kansas City Stock Down 0.4 %

NYSE:CP traded down $0.32 during midday trading on Thursday, reaching $78.51. The company had a trading volume of 3,581,869 shares, compared to its average volume of 2,110,085. The firm has a market capitalization of $73.25 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.21 and a beta of 0.96. The stock's fifty day simple moving average is $82.92 and its 200-day simple moving average is $81.50. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). The company 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 24.45% and a return on equity of 8.77%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. On average, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 17.31%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently added to or reduced their stakes in CP. Mirova US LLC purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Canadian Pacific Kansas City by 398.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock valued at $165,419,000 after purchasing an additional 1,678,784 shares in the last quarter. Cantillon Capital Management LLC boosted its holdings in Canadian Pacific Kansas City by 49.1% in the 1st quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company's stock valued at $314,563,000 after purchasing an additional 1,174,200 shares in the last quarter. Wulff Hansen & CO. boosted its holdings in Canadian Pacific Kansas City by 8,261.4% in the 2nd quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company's stock valued at $74,282,000 after purchasing an additional 932,216 shares in the last quarter. Finally, AGF Management Ltd. boosted its holdings in Canadian Pacific Kansas City by 86.5% in the 2nd quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company's stock valued at $125,094,000 after purchasing an additional 735,816 shares in the last quarter. Hedge funds and other institutional investors 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.