Canadian Pacific Kansas City’s (CP) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a report issued on Thursday morning,Weiss Ratings reports.

Other analysts also recently issued reports about the company. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Stephens upped their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $91.69.

Canadian Pacific Kansas City Trading Down 0.8%

Shares of Canadian Pacific Kansas City stock opened at $72.01 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City has a 52-week low of $66.49 and a 52-week high of $83.65. The firm has a market cap of $64.84 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08. The company’s 50-day simple moving average is $75.49 and its 200-day simple moving average is $76.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share 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 8.74%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the firm earned $0.99 earnings per share. As a group, equities research analysts anticipate that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s payout ratio is currently 20.12%.

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 2.9% in the second quarter. Vanguard Group Inc. now owns 38,223,823 shares of the transportation company’s stock valued at $3,036,558,000 after purchasing an additional 1,080,835 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Canadian Pacific Kansas City by 0.7% in the second quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after acquiring an additional 136,970 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 15.1% in the second quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock worth $1,549,210,000 after acquiring an additional 2,559,104 shares during the last quarter. Causeway Capital Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 11.5% in the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock worth $1,207,605,000 after acquiring an additional 1,778,984 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Canadian Pacific Kansas City by 0.9% in the second quarter. Mackenzie Financial Corp now owns 16,498,767 shares of the transportation company’s stock worth $1,311,512,000 after acquiring an additional 150,963 shares during the last quarter. Hedge funds and other institutional investors 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.