Canadian Pacific Kansas City Limited (NYSE:CP) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Canadian Pacific Kansas City, with 11 buy, three hold, and one strong-buy ratings. The average 12-month price target is $108.60, above the stock’s reported $88.93 price.
• Recent quarterly results exceeded expectations: earnings per share came in at $0.92 versus the $0.89 estimate, while revenue rose 12.6% year over year to $2.93 billion.
• The company declared a quarterly dividend of $0.268 per share, equivalent to an annualized $1.07 and a 1.2% yield. Institutional investors own approximately 72.2% of the stock.

Canadian Pacific Kansas City Limited (NYSE:CP - Get Free Report) TSE: CP has received a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $108.60.

Several research analysts have recently weighed in on the stock. Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Stephens upgraded Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 8th. Susquehanna raised their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a "positive" rating in a report on Tuesday, July 14th. Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Finally, Citigroup boosted their price target on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a "buy" rating in a report on Thursday, July 30th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC boosted its position in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company's stock worth $1,493,000 after purchasing an additional 2,940 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Sivia Capital Partners LLC purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $206,000. Prudential Financial Inc. lifted its stake in shares of Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company's stock valued at $411,000 after buying an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company's stock worth $104,000 after buying an additional 369 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Down 1.3%

Canadian Pacific Kansas City stock opened at $88.93 on Friday. Canadian Pacific Kansas City has a one year low of $68.42 and a one year high of $96.90. The stock has a fifty day moving average of $91.68 and a 200 day moving average of $87.19. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The stock has a market cap of $78.11 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The firm's revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City's payout ratio is presently 25.08%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited NYSE: CP is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.

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