Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Price Target at $96.36

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has earned a consensus rating of “Moderate Buy” from the twenty brokerages that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $96.36.

CP has been the topic of a number of analyst reports. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective on the stock. Stifel Nicolaus upped their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Barclays reduced their target price on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Finally, Sanford C. Bernstein raised their price objective on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research note on Monday, July 8th.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $86.04 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The business has a 50 day simple moving average of $82.04 and a 200-day simple moving average of $82.52. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The stock has a market capitalization of $80.28 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.45 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. Equities analysts predict that Canadian Pacific Kansas City will post 3.1 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.31%.

Institutional Trading of Canadian Pacific Kansas City

A number of large investors have recently made changes to their positions in CP. Accretive Wealth Partners LLC lifted its stake in shares of Canadian Pacific Kansas City by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after buying an additional 145 shares during the period. Financial Advocates Investment Management lifted its stake in shares of Canadian Pacific Kansas City by 2.2% during the 4th quarter. Financial Advocates Investment Management now owns 11,055 shares of the transportation company’s stock worth $878,000 after purchasing an additional 241 shares during the period. Norges Bank acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $979,890,000. UBS Group AG grew its position in shares of Canadian Pacific Kansas City by 3.1% in the fourth quarter. UBS Group AG now owns 1,004,693 shares of the transportation company’s stock valued at $79,431,000 after purchasing an additional 30,305 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in Canadian Pacific Kansas City by 52.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 13,353 shares of the transportation company’s stock valued at $1,056,000 after purchasing an additional 4,567 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.