Kansas City Southern (NYSE:KSU)‘s stock had its “market perform” rating restated by Cowen and Company in a note issued to investors on Monday, July 24th. They presently have a $104.00 price target on the transportation company’s stock, up from their previous price target of $95.00. Cowen and Company’s price objective indicates a potential upside of 1.00% from the company’s current price.
A number of other research firms have also recently weighed in on KSU. BMO Capital Markets reissued a “hold” rating and issued a $92.00 price objective on shares of Kansas City Southern in a research report on Wednesday, May 24th. Stifel Nicolaus lowered their price objective on Kansas City Southern from $101.00 to $96.00 and set a “buy” rating for the company in a research report on Wednesday, April 26th. BidaskClub cut Kansas City Southern from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Credit Suisse Group raised Kansas City Southern from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $90.00 to $116.00 in a research report on Friday, June 16th. Finally, Citigroup Inc. lowered their price target on Kansas City Southern from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Tuesday, April 25th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $102.67.
Shares of Kansas City Southern (NYSE:KSU) traded up 0.77% on Monday, hitting $102.97. The stock had a trading volume of 784,535 shares. Kansas City Southern has a 12 month low of $79.05 and a 12 month high of $106.35. The company’s 50 day moving average price is $103.56 and its 200-day moving average price is $93.31. The company has a market cap of $10.86 billion, a P/E ratio of 20.72 and a beta of 0.80.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.07. The firm had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS. On average, analysts expect that Kansas City Southern will post $5.21 earnings per share for the current year.
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Several institutional investors have recently modified their holdings of the stock. WFG Advisors LP boosted its position in shares of Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock valued at $112,000 after buying an additional 302 shares during the period. Financial Architects Inc raised its position in shares of Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock valued at $131,000 after buying an additional 1,115 shares in the last quarter. V Wealth Management LLC acquired a new position in shares of Kansas City Southern during the second quarter valued at $169,000. Advisor Partners LLC acquired a new position in shares of Kansas City Southern during the second quarter valued at $202,000. Finally, Glenview State Bank Trust DEPT. acquired a new position in shares of Kansas City Southern during the second quarter valued at $209,000. 85.92% of the stock is owned by institutional investors and hedge funds.
About Kansas City Southern
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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