Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Target Price at $91.38

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $91.3846.

A number of equities research analysts have recently commented on CP shares. Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, October 2nd. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Stephens raised their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Susquehanna cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, September 25th. Finally, National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds have recently bought and sold shares of CP. Norges Bank bought a new position in Canadian Pacific Kansas City in the second quarter worth approximately $1,012,065,000. JPMorgan Chase & Co. raised its position in Canadian Pacific Kansas City by 87.2% in the second quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock worth $1,268,325,000 after acquiring an additional 7,454,810 shares during the period. Invesco Ltd. raised its position in Canadian Pacific Kansas City by 59.5% in the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock worth $1,192,471,000 after acquiring an additional 6,337,312 shares during the period. 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 during the period. Finally, Goldman Sachs Group Inc. raised its position in Canadian Pacific Kansas City by 70.4% in the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock worth $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 Trading Down 1.4%

NYSE:CP opened at $74.42 on Tuesday. The company’s 50 day moving average price is $75.59 and its 200-day moving average price is $76.96. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $83.65. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The stock has a market cap of $67.49 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 2.14 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Friday, September 26th were given a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, September 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.56%.

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.