Canadian Pacific Kansas City (NYSE:CP) Given Neutral Rating at Susquehanna

Susquehanna reaffirmed their neutral rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research note issued to investors on Tuesday, Benzinga reports. Susquehanna currently has a $80.00 price objective on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a buy rating and a $105.00 target price on the stock. Raymond James boosted their price target on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an outperform rating in a report on Monday, April 22nd. Evercore cut their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating for the company in a report on Thursday, April 25th. Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a hold rating on the stock in a research note on Thursday, April 25th. Finally, Benchmark reaffirmed a hold rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of Hold and an average target price of $96.32.

Canadian Pacific Kansas City Trading Down 0.6 %

Canadian Pacific Kansas City stock opened at $79.25 on Tuesday. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The firm has a market capitalization of $73.92 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 2.24 and a beta of 0.97. The company has a 50 day moving average price of $80.04 and a 200 day moving average price of $82.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. Research analysts forecast that Canadian Pacific Kansas City will post 3.14 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. YCG LLC raised its stake in Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after acquiring an additional 91,276 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its holdings in shares of Canadian Pacific Kansas City by 63.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock worth $7,127,000 after buying an additional 34,856 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after acquiring an additional 12,748 shares during the last quarter. Element Capital Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $7,815,000. Finally, Meritage Group LP bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $207,850,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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.