Canadian Pacific Kansas City Limited (NYSE:CP) Receives $91.95 Average Target Price from Analysts

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP has been given an average rating of "Moderate Buy" by the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $91.95.

A number of equities analysts have recently issued reports on CP shares. Wall Street Zen cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Citigroup raised their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Barclays raised their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday. Stifel Nicolaus dropped 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. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CP. North Capital Inc. acquired a new position in Canadian Pacific Kansas City during the first quarter worth approximately $27,000. Cornerstone Planning Group LLC increased its position in Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after buying an additional 256 shares during the last quarter. Cheviot Value Management LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth approximately $30,000. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth approximately $31,000. Finally, Hexagon Capital Partners LLC increased its position in Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after buying an additional 164 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Down 1.3%

NYSE:CP traded down $1.04 during trading hours on Friday, hitting $80.66. 176,153 shares of the company's stock traded hands, compared to its average volume of 2,810,400. The stock's fifty day moving average price is $79.97 and its two-hundred day moving average price is $76.63. Canadian Pacific Kansas City has a twelve month low of $66.49 and a twelve month high of $87.72. The firm has a market cap of $74.32 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, research analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share 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. Stockholders of record on Friday, June 27th will be given a $0.1644 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 22.30%.

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.