Canadian Pacific Kansas City (NYSE:CP) Given New $86.00 Price Target at Citigroup

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective decreased by Citigroup from $88.00 to $86.00 in a report issued on Friday,Benzinga reports. Citigroup currently has a buy rating on the transportation company’s stock.

Several other analysts have also issued reports on CP. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $74.37 on Friday. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $83.65. The company’s 50 day moving average price is $73.13 and its two-hundred day moving average price is $74.22. The firm has a market cap of $66.75 billion, a PE ratio of 23.02, a PEG ratio of 1.68 and a beta of 1.10. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Equities research analysts predict that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.43%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $1,983,000. GC Wealth Management RIA LLC increased its holdings in Canadian Pacific Kansas City by 20.9% in the 4th quarter. GC Wealth Management RIA LLC now owns 15,601 shares of the transportation company’s stock worth $1,149,000 after purchasing an additional 2,694 shares in the last quarter. Keybank National Association OH raised its position in Canadian Pacific Kansas City by 2.8% in the fourth quarter. Keybank National Association OH now owns 39,749 shares of the transportation company’s stock valued at $2,927,000 after purchasing an additional 1,074 shares during the last quarter. Aprio Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $270,000. Finally, Coronation Fund Managers Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 11.8% during the fourth quarter. Coronation Fund Managers Ltd. now owns 46,057 shares of the transportation company’s stock valued at $3,391,000 after purchasing an additional 4,878 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.