Canadian Pacific Kansas City (NYSE:CP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a sell rating to a hold rating in a research note published on Saturday morning.

Other analysts have also issued reports about the company. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Jefferies Financial Group set a $90.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Stephens lifted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Trading Up 0.2%

Shares of Canadian Pacific Kansas City stock opened at $71.06 on Friday. The stock has a market cap of $63.99 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The firm has a fifty day moving average price of $74.83 and a 200 day moving average price of $76.86. Canadian Pacific Kansas City has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period in the prior year, the business posted $0.99 earnings per share. Equities research analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is currently 20.12%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter worth approximately $27,000. Caldwell Trust Co purchased a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $30,000. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth $30,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $35,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.