Susquehanna Cuts Canadian Pacific Kansas City (NYSE:CP) Price Target to $90.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target decreased by Susquehanna from $92.00 to $90.00 in a research report sent to investors on Wednesday,Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

A number of other research analysts have also recently weighed in on the company. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Bank of America lowered their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Barclays raised their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Citigroup reduced their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $81.00 to $88.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.56.

Canadian Pacific Kansas City Stock Performance

CP opened at $74.74 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City has a 1 year low of $70.89 and a 1 year high of $91.58. The firm has a fifty day moving average price of $75.11 and a 200 day moving average price of $79.33. The stock has a market cap of $69.76 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. Equities research analysts anticipate that Canadian Pacific Kansas City will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.93%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Grove Bank & Trust increased its position in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares during the last quarter. Addison Advisors LLC grew its holdings in Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after acquiring an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new position in Canadian Pacific Kansas City during the third quarter valued at approximately $34,000. Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $38,000. Finally, Kennebec Savings Bank purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $42,000. Institutional investors 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.