Canadian Pacific Kansas City (NYSE:CP) Downgraded by ATB Cormark Capital Markets to Moderate Buy

ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a strong-buy rating to a moderate buy rating in a research report released on Friday morning,Zacks.com reports.

CP has been the topic of several other research reports. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Sanford C. Bernstein increased their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Evercore cut their price objective on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Finally, Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.80.

Canadian Pacific Kansas City Stock Up 1.7%

Canadian Pacific Kansas City stock opened at $81.49 on Friday. The stock has a market cap of $72.71 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.72 and a beta of 1.07. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $82.21 and its two-hundred day moving average price is $76.58. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. On average, analysts expect that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is 20.74%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds have recently modified their holdings of CP. Prosperity Bancshares Inc purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $26,000. Caldwell Trust Co purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $30,000. Gilpin Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $29,000. McMillan Office Inc. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $31,000. Finally, Wealth Watch Advisors INC purchased a new stake in Canadian Pacific Kansas City during the third quarter valued at about $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

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.