Short Interest in Canadian Pacific Kansas City Limited (NYSE:CP) Increases By 5.2%

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 7,110,000 shares, a growth of 5.2% from the December 15th total of 6,760,000 shares. Based on an average trading volume of 2,850,000 shares, the days-to-cover ratio is presently 2.5 days.

Canadian Pacific Kansas City Stock Up 0.3 %

NYSE CP traded up $0.24 during trading hours on Monday, reaching $74.80. 3,153,832 shares of the company traded hands, compared to its average volume of 2,119,487. The company has a 50 day moving average of $74.69 and a two-hundred day moving average of $79.16. The stock has a market capitalization of $69.83 billion, a PE ratio of 26.71, a PEG ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. As a group, equities analysts expect that Canadian Pacific Kansas City will post 3.02 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. 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 dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 19.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein reduced 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 note on Wednesday, October 9th. Stephens raised shares of Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $81.00 to $88.00 in a research report on Monday, January 6th. Evercore ISI increased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 25th. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.63.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its position in Canadian Pacific Kansas City by 18.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 23,532 shares of the transportation company's stock valued at $1,869,000 after purchasing an additional 3,612 shares during the period. MQS Management LLC bought a new stake in Canadian Pacific Kansas City in the second quarter valued at $228,000. AE Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the second quarter valued at $217,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Canadian Pacific Kansas City by 6.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 124,416 shares of the transportation company's stock valued at $9,795,000 after acquiring an additional 7,513 shares during the period. Finally, Sei Investments Co. grew its position in shares of Canadian Pacific Kansas City by 9.9% during the second quarter. Sei Investments Co. now owns 679,129 shares of the transportation company's stock worth $53,468,000 after acquiring an additional 60,936 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

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.