Canadian Pacific Kansas City Limited (NYSE:CP) Short Interest Down 17.1% in February

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 9,550,000 shares, a drop of 17.1% from the February 13th total of 11,520,000 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 2,860,000 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Citigroup boosted their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Wells Fargo & Company cut their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down $0.08 during trading hours on Wednesday, reaching $74.24. The company had a trading volume of 2,555,595 shares, compared to its average volume of 2,368,999. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The business has a fifty day moving average price of $76.80 and a 200-day moving average price of $78.05. Canadian Pacific Kansas City has a one year low of $70.89 and a one year high of $90.64. The firm has a market cap of $69.31 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Canadian Pacific Kansas City by 25.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 104,490 shares of the transportation company’s stock worth $7,562,000 after purchasing an additional 21,119 shares during the period. NorthCrest Asset Manangement LLC lifted its stake in Canadian Pacific Kansas City by 1.7% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 216,998 shares of the transportation company’s stock worth $15,704,000 after purchasing an additional 3,589 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $14,583,000. Bernard Wealth Management Corp. bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $31,000. Finally, Bristol John W & Co. Inc. NY raised its holdings in shares of Canadian Pacific Kansas City by 28.6% in the fourth quarter. Bristol John W & Co. Inc. NY now owns 1,573,144 shares of the transportation company’s stock worth $113,848,000 after buying an additional 349,795 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

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.