Ieq Capital LLC bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,842 shares of the transportation company’s stock, valued at approximately $1,373,000.
Several other institutional investors have also recently bought and sold shares of CP. Prosperity Bancshares Inc bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at $26,000. Gilpin Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $29,000. McMillan Office Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $31,000. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $36,000. Institutional investors own 72.20% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Argus set a $105.00 target price on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $108.60.
Canadian Pacific Kansas City Stock Up 0.4%
CP stock opened at $94.74 on Thursday. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $96.90. The business’s 50 day simple moving average is $90.61 and its 200 day simple moving average is $86.58. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $83.22 billion, a PE ratio of 30.46, a PEG ratio of 1.84 and a beta of 1.10.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current year.
Canadian Pacific Kansas City Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is presently 25.08%.
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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