Shares of Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $95.8889.
A number of research firms have commented on CP. Royal Bank Of Canada dropped their price objective on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, April 30th. Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Citigroup increased their price objective on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th.
Get Our Latest Stock Report on CP
Hedge Funds Weigh In On Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Down 2.1%
CP opened at $85.10 on Friday. Canadian Pacific Kansas City has a one year low of $68.42 and a one year high of $89.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. The stock has a market capitalization of $75.55 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.86 and a beta of 1.09. The business’s 50-day simple moving average is $82.24 and its 200-day simple moving average is $77.72.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts anticipate that Canadian Pacific Kansas City will post 3.76 EPS for the current year.
Canadian Pacific Kansas City Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a dividend yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.
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.
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