Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $94.00 at Citigroup

Canadian Pacific Kansas City (NYSE:CP - Free Report) TSE: CP had its price target hoisted by Citigroup from $89.00 to $94.00 in a research report released on Wednesday, MarketBeat Ratings reports. Citigroup currently has a buy rating on the transportation company's stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada lowered their price target on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Jefferies Financial Group decreased their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Finally, Stifel Nicolaus cut their price target on 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $91.66.

Canadian Pacific Kansas City Price Performance

CP stock traded up $0.63 during trading on Wednesday, hitting $81.34. The company had a trading volume of 2,313,339 shares, compared to its average volume of 2,812,051. The company has a fifty day moving average price of $79.64 and a two-hundred day moving average price of $76.46. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. 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 cap of $74.95 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.26 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Equities 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. Investors of record on Friday, June 27th will be paid a $0.1644 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is 22.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CP. Norges Bank bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth $914,090,000. Causeway Capital Management LLC raised its stake in shares of Canadian Pacific Kansas City by 76.5% during the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after acquiring an additional 6,687,770 shares during the last quarter. Invesco Ltd. lifted its holdings in Canadian Pacific Kansas City by 59.5% during the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock worth $1,192,471,000 after buying an additional 6,337,312 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Canadian Pacific Kansas City by 70.4% in the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock valued at $652,936,000 after acquiring an additional 3,842,866 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $126,928,000. 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.