Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Price Target at $91.69

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $91.6923.

CP has been the subject of a number of research analyst reports. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Stephens boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Royal Bank Of Canada decreased their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at $1,012,065,000. JPMorgan Chase & Co. raised its stake in shares of Canadian Pacific Kansas City by 87.2% during the second quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock worth $1,268,325,000 after purchasing an additional 7,454,810 shares during the last quarter. Invesco Ltd. raised its holdings in Canadian Pacific Kansas City by 59.5% during the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock worth $1,192,471,000 after purchasing an additional 6,337,312 shares in the last quarter. Fisher Asset Management LLC raised its position in Canadian Pacific Kansas City by 281.0% in the second quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock worth $430,540,000 after acquiring an additional 4,005,942 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Canadian Pacific Kansas City by 70.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock valued at $652,936,000 after acquiring an additional 3,842,866 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.4%

Shares of NYSE:CP opened at $70.38 on Friday. The company has a market capitalization of $63.15 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.03 and a beta of 1.08. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $83.65. The business has a 50-day moving average price of $74.30 and a 200 day moving average price of $76.82. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its 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). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business earned $0.99 EPS. Sell-side analysts expect that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.12%.

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.