Canadian Pacific Kansas City (NYSE:CP) Upgraded by Stephens to Hold Rating

Stephens upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

A number of other research firms have also weighed in on CP. 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, April 15th. Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 16th. Susquehanna reaffirmed a “positive” rating and issued a $104.00 price objective on shares of Canadian Pacific Kansas City in a research report on Friday, June 5th. Wells Fargo & Company increased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings raised shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.91.

Canadian Pacific Kansas City Trading Up 0.9%

Shares of Canadian Pacific Kansas City stock opened at $89.50 on Wednesday. The company has a market capitalization of $79.20 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10. The stock has a fifty day simple moving average of $87.41 and a 200 day simple moving average of $81.99. 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 issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. Canadian Pacific Kansas City’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $1.06 earnings per share. On average, sell-side analysts anticipate that Canadian Pacific Kansas City will post 3.75 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, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.268 per share. 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 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 24.07%.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently added to or reduced their stakes in CP. Rothschild & Co Wealth Management UK Ltd grew its stake in shares of Canadian Pacific Kansas City by 0.9% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after acquiring an additional 48,258 shares during the period. Cardinal Capital Management Inc. lifted its holdings 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 purchasing an additional 55,423 shares during the last quarter. Mirabella Financial Services LLP lifted its holdings 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 purchasing an additional 15,654 shares during the last quarter. Rathbones Group PLC boosted its position in Canadian Pacific Kansas City by 5.9% during the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock worth $127,342,000 after purchasing an additional 95,727 shares during the period. Finally, HighTower Advisors LLC boosted its position in Canadian Pacific Kansas City by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after purchasing an additional 37,044 shares during the period. Institutional investors own 72.20% of the company’s stock.

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.