Canadian Pacific Kansas City Limited (NYSE:CP) Receives $108.60 Average PT from Analysts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $108.60.

Several brokerages have issued reports on CP. Barclays set a $102.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a report on Tuesday, June 16th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 8th. Susquehanna raised their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Finally, Citizens Jmp began coverage on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 15th. They set a “market perform” rating for the company.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Canadian Pacific Kansas City by 3.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock worth $304,000 after purchasing an additional 130 shares during the last quarter. Foster Group Inc. grew its holdings in Canadian Pacific Kansas City by 3.3% in the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock valued at $371,000 after buying an additional 137 shares in the last quarter. Modern Wealth Management LLC grew its holdings in Canadian Pacific Kansas City by 1.2% in the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock valued at $950,000 after buying an additional 142 shares in the last quarter. Altshuler Shaham Ltd increased its position in Canadian Pacific Kansas City by 1.2% during the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock worth $926,000 after buying an additional 144 shares during the period. Finally, Essex Financial Services Inc. increased its position in Canadian Pacific Kansas City by 3.2% during the 1st quarter. Essex Financial Services Inc. now owns 4,785 shares of the transportation company’s stock worth $376,000 after buying an additional 149 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.9%

Canadian Pacific Kansas City stock opened at $94.53 on Monday. The stock has a 50-day simple moving average of $89.96 and a 200 day simple moving average of $85.94. The stock has a market capitalization of $83.03 billion, a P/E ratio of 30.39, a PEG ratio of 1.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $95.86.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. Analysts expect that Canadian Pacific Kansas City will post 3.7 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a dividend of $0.268 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 25.08%.

Canadian Pacific Kansas City Company Profile

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.