Kansas City Southern (NYSE:KSU)‘s stock had its “buy” rating reaffirmed by analysts at Loop Capital in a note issued to investors on Wednesday. They currently have a $113.00 target price on the stock, down from their previous target price of $115.00. Loop Capital’s target price indicates a potential upside of 21.09% from the stock’s current price.
Several other analysts have also commented on the company. TheStreet raised Kansas City Southern from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Citigroup Inc. reaffirmed a “buy” rating and set a $108.00 target price on shares of Kansas City Southern in a report on Wednesday, July 6th. Bank of America Corp. reaffirmed a “buy” rating on shares of Kansas City Southern in a report on Tuesday, July 12th. Zacks Investment Research raised Kansas City Southern from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Wednesday, August 3rd. Finally, Barclays PLC raised Kansas City Southern from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $94.00 to $99.00 in a report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $100.92.
Shares of Kansas City Southern (NYSE:KSU) opened at 93.08 on Wednesday. The company has a market capitalization of $10.05 billion, a P/E ratio of 20.26 and a beta of 1.14. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69. The firm’s 50 day moving average price is $94.36 and its 200-day moving average price is $92.43.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.14. The business had revenue of $569 million for the quarter, compared to analyst estimates of $572.20 million. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. Analysts expect that Kansas City Southern will post $4.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Monday, September 12th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Thursday, September 8th. Kansas City Southern’s payout ratio is presently 28.82%.
In related news, SVP William J. Wochner sold 26,521 shares of Kansas City Southern stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total value of $2,607,544.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David L. Starling sold 5,100 shares of Kansas City Southern stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $98.88, for a total transaction of $504,288.00. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in KSU. Geode Capital Management LLC raised its stake in Kansas City Southern by 1.9% in the first quarter. Geode Capital Management LLC now owns 889,091 shares of the company’s stock valued at $75,820,000 after buying an additional 16,716 shares during the last quarter. National Investment Services Inc. WI acquired a new stake in Kansas City Southern during the second quarter valued at about $1,940,000. Investment House LLC raised its stake in Kansas City Southern by 0.9% in the second quarter. Investment House LLC now owns 2,572 shares of the company’s stock valued at $232,000 after buying an additional 22 shares during the last quarter. Cleararc Capital Inc. acquired a new stake in Kansas City Southern during the first quarter valued at about $226,000. Finally, Gulf International Bank UK Ltd raised its stake in Kansas City Southern by 0.5% in the second quarter. Gulf International Bank UK Ltd now owns 33,141 shares of the company’s stock valued at $2,985,000 after buying an additional 150 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.
About Kansas City Southern
Kansas City Southern (KCS) is a transportation holding company with domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri and several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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