Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $97.00

Key Points

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Canadian Pacific Kansas City (NYSE:CP - Free Report) TSE: CP had its price target lifted by Stephens from $95.00 to $97.00 in a report released on Thursday,Benzinga reports. Stephens currently has an overweight rating on the transportation company's stock.

CP has been the topic of several other research reports. Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, Bank of America boosted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $0.66 during midday trading on Thursday, hitting $72.89. 3,538,129 shares of the company's stock were exchanged, compared to its average volume of 2,920,402. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $87.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. The stock has a market cap of $66.91 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.06 and a beta of 1.06. The firm's 50 day simple moving average is $79.74 and its 200 day simple moving average is $76.92.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued 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. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.68%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Equities research analysts predict that Canadian Pacific Kansas City will post 3.42 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, October 27th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. The ex-dividend date is Friday, September 26th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 20.56%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

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