Brokerages Set Canadian Pacific Kansas City Limited (NYSE:CP) Price Target at $90.63

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP has earned an average rating of "Moderate Buy" from the fifteen research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $90.63.

A number of research firms have recently commented on CP. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a report on Monday, April 14th. Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday, February 3rd. Stephens boosted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Evercore ISI cut their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Royal Bank of Canada reduced their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP traded up $0.40 during midday trading on Friday, hitting $81.15. The stock had a trading volume of 2,109,922 shares, compared to its average volume of 2,791,495. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The company has a market capitalization of $75.51 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company's 50-day moving average price is $74.59 and its 200-day moving average price is $75.33.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The business's revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio is 21.28%.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its position in Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after buying an additional 256 shares during the period. North Capital Inc. acquired a new position in Canadian Pacific Kansas City in the first quarter valued at $27,000. Cheviot Value Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at about $30,000. Bernard Wealth Management Corp. purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $31,000. Finally, Kestra Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $33,000. Hedge funds and other institutional investors 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.