Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $76.00 at Stifel Nicolaus

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective trimmed by Stifel Nicolaus from $82.00 to $76.00 in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has a hold rating on the transportation company’s stock.

A number of other analysts also recently commented on CP. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Wednesday, January 8th. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $81.00 to $88.00 in a report on Monday, January 6th. Sanford C. Bernstein dropped their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Bank of America lowered their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Barclays raised their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.10.

Canadian Pacific Kansas City Trading Up 0.3 %

Shares of NYSE CP opened at $74.52 on Thursday. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58. The company has a market cap of $69.57 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.89 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $74.83 and a 200-day simple moving average of $79.22.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued 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). The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates 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 company earned $0.69 earnings per share. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.02 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is presently 19.29%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors have recently bought and sold shares of the company. S&CO Inc. raised its holdings in Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after acquiring an additional 11,000 shares during the period. Swiss National Bank boosted its position in Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after buying an additional 23,000 shares during the period. Barclays PLC boosted its position in Canadian Pacific Kansas City by 2.8% during the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after buying an additional 81,111 shares during the period. Encompass Capital Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $11,810,000. Finally, Toronto Dominion Bank boosted its holdings in shares of Canadian Pacific Kansas City by 20.4% during the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after purchasing an additional 352,534 shares during the period. 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.