Jefferies Financial Group Lowers Canadian Pacific Kansas City (NYSE:CP) Price Target to $90.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective reduced by Jefferies Financial Group from $100.00 to $90.00 in a research note released on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on CP. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. Stephens increased their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.55.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $73.63 on Wednesday. The stock’s 50-day moving average is $74.62 and its 200 day moving average is $76.25. Canadian Pacific Kansas City has a 1-year low of $66.49 and a 1-year high of $88.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market cap of $68.74 billion, a P/E ratio of 25.39, a PEG ratio of 2.00 and a beta of 1.01.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Research analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.93%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $31,000. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $33,000. Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $34,000. YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. Finally, Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.