Canadian Pacific Kansas City (NYSE:CP) Receives "Neutral" Rating from The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their neutral rating on shares of Canadian Pacific Kansas City (NYSE:CP - Free Report) TSE: CP in a report issued on Monday morning, MarketBeat Ratings reports. The firm currently has a $91.00 price target on the transportation company's stock.

A number of other research firms also recently issued reports on CP. Argus set a $90.00 target price on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Royal Bank of Canada decreased their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Susquehanna raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a research note on Thursday, May 1st. Finally, Bank of America upped their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $90.66.

Canadian Pacific Kansas City Stock Up 0.0%

CP traded up $0.02 during trading on Monday, reaching $82.04. The company had a trading volume of 901,208 shares, compared to its average volume of 2,788,198. The company has a market cap of $76.33 billion, a P/E ratio of 28.29, a PEG ratio of 2.00 and a beta of 1.10. 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 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business's fifty day moving average price is $75.41 and its 200 day moving average price is $75.50.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted 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. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the firm earned $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. Equities analysts anticipate 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, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 22.30%.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $2,602,000. Oak Family Advisors LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $262,000. Phraction Management LLC grew its stake in shares of Canadian Pacific Kansas City by 53.6% during the fourth quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock worth $963,000 after buying an additional 4,641 shares during the last quarter. Gallo Partners LP acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $4,373,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Canadian Pacific Kansas City by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock valued at $750,046,000 after acquiring an additional 381,594 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.