Stifel Nicolaus Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $82.00

Canadian Pacific Kansas City (NYSE:CP - Free Report) TSE: CP had its price target cut by Stifel Nicolaus from $83.00 to $82.00 in a research report sent to investors on Thursday, BayStreet.CA reports. They currently have a hold rating on the transportation company's stock.

A number of other brokerages have also weighed in on CP. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a buy rating and a $105.00 target price for the company. Benchmark reaffirmed a hold rating on shares of Canadian Pacific Kansas City in a report on Thursday. Scotiabank reissued a sector perform rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Bank of America cut their price target on Canadian Pacific Kansas City from $97.00 to $92.00 and set a buy rating for the company in a report on Thursday. Finally, Evercore lowered their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating for the company in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $96.42.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded up $0.16 on Thursday, hitting $82.09. 3,141,835 shares of the company traded hands, compared to its average volume of 2,117,485. The business's 50 day moving average price is $87.11 and its 200-day moving average price is $79.74. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $76.56 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 2.25 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. Equities analysts expect that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.83%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sands Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $31,000. Anchor Investment Management LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $40,000. Independence Bank of Kentucky acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $45,000. Finally, Rational Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter worth $52,000. Hedge funds and other 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.