Canadian Pacific Kansas City (NYSE:CP) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks reports.

Other research analysts also recently issued reports about the company. Weiss Ratings upgraded Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 8th. Citigroup increased their target price on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Stephens raised Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Finally, Susquehanna upped their price objective on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $84.50 on Wednesday. The stock has a market cap of $73.94 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.69 and a beta of 1.13. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $96.90. The company’s 50-day moving average price is $90.70 and its 200 day moving average price is $87.44. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. As a group, research analysts forecast that Canadian Pacific Kansas City will post 3.89 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be issued a C$0.27 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is 24.76%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Fiduciary Financial Advisors acquired a new position in Canadian Pacific Kansas City during the second quarter worth approximately $25,000. Jones Financial Companies Lllp purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $44,000. Western Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth $50,000. Knuff & Co LLC purchased a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth $50,000. Finally, Chilton Capital Management LLC raised its position in shares of Canadian Pacific Kansas City by 192.3% in the 2nd quarter. Chilton Capital Management LLC now owns 684 shares of the transportation company’s stock worth $59,000 after buying an additional 450 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.