Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Target Price at $104.30

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $104.30.

CP has been the subject of a number of research reports. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Canadian Imperial Bank of Commerce raised their price objective on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Argus set a $105.00 target price on Canadian Pacific Kansas City in a report on Tuesday, June 16th. Citigroup upped their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Barclays set a $102.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CP. Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Canadian Pacific Kansas City by 0.9% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after buying an additional 48,258 shares during the last quarter. Cardinal Capital Management Inc. raised its position in Canadian Pacific Kansas City by 3.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock valued at $114,094,000 after acquiring an additional 55,423 shares in the last quarter. Mirabella Financial Services LLP raised its position in Canadian Pacific Kansas City by 364.7% during the third quarter. Mirabella Financial Services LLP now owns 19,946 shares of the transportation company’s stock valued at $1,483,000 after acquiring an additional 15,654 shares in the last quarter. Rathbones Group PLC lifted its holdings in Canadian Pacific Kansas City by 5.9% in the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock valued at $127,342,000 after acquiring an additional 95,727 shares during the period. Finally, Korea Investment CORP lifted its holdings in Canadian Pacific Kansas City by 6.8% in the third quarter. Korea Investment CORP now owns 650,877 shares of the transportation company’s stock valued at $48,486,000 after acquiring an additional 41,233 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 2.3%

NYSE CP opened at $87.91 on Friday. The company has a fifty day simple moving average of $87.18 and a two-hundred day simple moving average of $81.58. The stock has a market cap of $77.80 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.68 and a beta of 1.10. Canadian Pacific Kansas City has a 12-month low of $68.42 and a 12-month high of $91.52. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the firm earned $1.06 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, analysts forecast that Canadian Pacific Kansas City will post 3.75 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be paid a $0.268 dividend. The ex-dividend date is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 23.77%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.