Shares of Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $98.6250.
A number of research firms recently commented on CP. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada lowered their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Finally, Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th.
Get Our Latest Analysis on Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Up 0.2%
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the firm posted $1.06 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Research analysts predict that Canadian Pacific Kansas City will post 3.76 EPS for the current fiscal year.
Canadian Pacific Kansas City Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is currently 20.68%.
Institutional Trading of Canadian Pacific Kansas City
Several hedge funds have recently modified their holdings of CP. Intech Investment Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after acquiring an additional 2,940 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $206,000. Prudential Financial Inc. raised its holdings in shares of Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after acquiring an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after acquiring an additional 369 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
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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