Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $94.00 at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective increased by Susquehanna from $80.00 to $94.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other analysts also recently weighed in on the company. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an overweight rating and a $90.00 price target on the stock. Evercore ISI increased their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an outperform rating in a report on Wednesday, September 25th. Stifel Nicolaus raised their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a hold rating in a research report on Wednesday, July 17th. Barclays upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an overweight rating in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein raised their target price on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a market perform rating in a report on Monday, July 8th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $97.42.

Canadian Pacific Kansas City Stock Up 0.7 %

CP stock opened at $82.42 on Wednesday. The stock has a market capitalization of $76.90 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $82.50 and a 200 day moving average of $82.17.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. Sell-side analysts forecast that Canadian Pacific Kansas City will post 3.1 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently made changes to their positions in CP. Vanguard Group Inc. increased its holdings in Canadian Pacific Kansas City by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock worth $3,079,474,000 after acquiring an additional 588,701 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Canadian Pacific Kansas City by 2.5% during the first quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock worth $1,915,196,000 after purchasing an additional 532,303 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Canadian Pacific Kansas City by 2.8% during the second quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock worth $1,580,556,000 after purchasing an additional 533,792 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of Canadian Pacific Kansas City by 5.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after purchasing an additional 723,188 shares during the last quarter. Finally, Veritas Asset Management LLP lifted its stake in Canadian Pacific Kansas City by 1.8% in the 4th quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock valued at $1,062,148,000 after buying an additional 243,210 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.