Citigroup Forecasts Strong Price Appreciation for Canadian Pacific Kansas City (NYSE:CP) Stock

Canadian Pacific Kansas City (NYSE:CP - Free Report) TSE: CP had its price objective boosted by Citigroup from $89.00 to $94.00 in a report released on Wednesday morning, Marketbeat reports. The brokerage currently has a buy rating on the transportation company's stock.

Several other brokerages also recently weighed in on CP. Royal Bank Of Canada lowered their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Jefferies Financial Group decreased their price objective on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, Stifel Nicolaus dropped their price objective 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.95.

Canadian Pacific Kansas City Stock Down 1.0%

NYSE:CP traded down $0.80 during trading hours on Wednesday, hitting $81.62. The company's stock had a trading volume of 1,160,128 shares, compared to its average volume of 2,807,696. The stock has a market capitalization of $75.20 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 2.28 and a beta of 1.07. The stock has a fifty day moving average of $79.84 and a 200-day moving average of $76.52. 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 52-week low of $66.49 and a 52-week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS 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 for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Canadian Pacific Kansas City's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio is 22.30%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several large investors have recently made changes to their positions in the company. Shelton Wealth Management LLC increased its stake in shares of Canadian Pacific Kansas City by 33.6% in the second quarter. Shelton Wealth Management LLC now owns 19,450 shares of the transportation company's stock valued at $1,542,000 after purchasing an additional 4,889 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter worth approximately $209,000. Assenagon Asset Management S.A. boosted its stake in shares of Canadian Pacific Kansas City by 0.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 28,857 shares of the transportation company's stock valued at $2,282,000 after buying an additional 181 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $27,574,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $206,000. Institutional investors and hedge funds 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.