Canadian Pacific Kansas City (NYSE:CP) Receives New Coverage from Analysts at Citigroup

Citigroup assumed coverage on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a report released on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $97.00 target price on the transportation company’s stock.

Other equities analysts have also recently issued reports about the stock. Evercore ISI raised their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an outperform rating in a research note on Wednesday, September 25th. Susquehanna lifted their price objective on Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a neutral rating in a research note on Wednesday, October 2nd. Stifel Nicolaus increased their target price on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a hold rating in a research note on Wednesday, July 17th. Barclays boosted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an overweight rating in a research report on Wednesday, September 25th. Finally, Sanford C. Bernstein increased their price target on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a market perform rating in a research report on Monday, July 8th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $97.96.

Canadian Pacific Kansas City Trading Down 0.2 %

CP stock opened at $80.44 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a market cap of $75.06 billion, a P/E ratio of 25.78, a PEG ratio of 2.43 and a beta of 0.96. The business has a fifty day moving average of $82.45 and a 200-day moving average of $82.00.

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

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Canadian Pacific Kansas City by 757.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock valued at $342,191,000 after acquiring an additional 3,801,910 shares in the last quarter. Mirova US LLC bought a new position in Canadian Pacific Kansas City in the second quarter valued at approximately $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Canadian Pacific Kansas City by 398.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after purchasing an additional 1,678,784 shares during the last quarter. Cantillon Capital Management LLC increased its position in shares of Canadian Pacific Kansas City by 49.1% during the 1st quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company’s stock worth $314,563,000 after purchasing an additional 1,174,200 shares during the last quarter. Finally, Wulff Hansen & CO. raised its stake in shares of Canadian Pacific Kansas City by 8,261.4% during the 2nd quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after purchasing an additional 932,216 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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.