Canadian Pacific Kansas City Limited (NYSE:CP) Short Interest Update

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

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors have recently modified their holdings of the stock. TCW Group Inc. raised its holdings in shares of Canadian Pacific Kansas City by 116.8% in the fourth quarter. TCW Group Inc. now owns 183,220 shares of the transportation company’s stock worth $13,260,000 after buying an additional 98,719 shares during the period. Fisher Funds Management LTD purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $44,008,000. Redmond Asset Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 6.0% in the fourth quarter. Redmond Asset Management LLC now owns 31,469 shares of the transportation company’s stock worth $2,277,000 after buying an additional 1,795 shares during the period. Transcend Capital Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 13.4% in the fourth quarter. Transcend Capital Advisors LLC now owns 10,149 shares of the transportation company’s stock worth $734,000 after buying an additional 1,198 shares during the period. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in Canadian Pacific Kansas City by 8.0% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 5,071 shares of the transportation company’s stock worth $367,000 after purchasing an additional 374 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CP. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Citigroup upped their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday. Susquehanna reduced their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $76.72 on Tuesday. The firm has a market capitalization of $71.62 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.06 and a beta of 0.97. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $91.58. The business has a 50 day simple moving average of $75.40 and a 200-day simple moving average of $78.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities analysts forecast that Canadian Pacific Kansas City will post 3.39 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 18.62%.

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.