Canadian Pacific Kansas City (NYSE:CP) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a sell rating to a hold rating in a report published on Saturday.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Evercore ISI reduced their price objective on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Finally, National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.69.

Canadian Pacific Kansas City Stock Down 0.2%

Canadian Pacific Kansas City stock opened at $75.11 on Friday. The firm has a market capitalization of $67.39 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.90 and a beta of 1.11. 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 has a twelve month low of $66.49 and a twelve month high of $83.65. The stock’s fifty day simple moving average is $73.28 and its 200-day simple moving average is $76.04.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the business posted $0.99 earnings per share. As a group, equities analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.12%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in the company. Frank Rimerman Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 0.8% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock valued at $1,399,000 after purchasing an additional 139 shares during the last quarter. Accretive Wealth Partners LLC lifted its stake in Canadian Pacific Kansas City by 1.3% in the second quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after buying an additional 157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 9.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,153 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 177 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Canadian Pacific Kansas City by 0.6% during the second quarter. Assenagon Asset Management S.A. now owns 28,857 shares of the transportation company’s stock worth $2,282,000 after acquiring an additional 181 shares during the last quarter. Finally, Tanager Wealth Management LLP increased its holdings in shares of Canadian Pacific Kansas City by 5.5% in the 2nd quarter. Tanager Wealth Management LLP now owns 3,456 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 181 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.