Canadian Pacific Kansas City’s (CP) Hold Rating Reiterated at Benchmark

Benchmark restated their hold rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a report published on Thursday, Benzinga reports.

A number of other brokerages have also commented on CP. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Citigroup began coverage on Canadian Pacific Kansas City in a research report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price objective for the company. Barclays lifted their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Jefferies Financial Group reduced their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.95.

Canadian Pacific Kansas City Trading Down 1.8 %

Shares of CP opened at $77.11 on Thursday. The business’s 50-day moving average price is $82.86 and its 200 day moving average price is $81.35. The stock has a market capitalization of $71.95 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a 1-year low of $69.07 and a 1-year 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) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors 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 0.73%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CP. Pinnacle Associates Ltd. boosted its position in shares of Canadian Pacific Kansas City by 0.4% in the third quarter. Pinnacle Associates Ltd. now owns 347,010 shares of the transportation company’s stock valued at $27,435,000 after acquiring an additional 1,542 shares during the period. First Trust Direct Indexing L.P. boosted its position in shares of Canadian Pacific Kansas City by 23.2% in the third quarter. First Trust Direct Indexing L.P. now owns 13,571 shares of the transportation company’s stock valued at $1,161,000 after acquiring an additional 2,552 shares during the period. Milestones Administradora de Recursos Ltda. bought a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $5,068,000. Pathway Financial Advisers LLC boosted its position in shares of Canadian Pacific Kansas City by 8,456.8% in the third quarter. Pathway Financial Advisers LLC now owns 103,195 shares of the transportation company’s stock valued at $8,827,000 after acquiring an additional 101,989 shares during the period. Finally, Highview Capital Management LLC DE boosted its position in shares of Canadian Pacific Kansas City by 5.6% in the third quarter. Highview Capital Management LLC DE now owns 14,994 shares of the transportation company’s stock valued at $1,284,000 after acquiring an additional 795 shares during the period. 72.20% of the stock is owned by institutional investors.

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.