Canadian Pacific Kansas City (NYSE:CP) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

Several other equities analysts also recently commented on the company. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Susquehanna boosted their price target on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Finally, Citigroup raised their price objective on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.91.

Canadian Pacific Kansas City Stock Up 0.0%

Shares of NYSE:CP opened at $92.40 on Friday. The company has a fifty day moving average of $88.86 and a 200-day moving average of $83.46. The company has a market capitalization of $81.78 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. Canadian Pacific Kansas City has a 52-week low of $68.42 and a 52-week high of $93.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS. On average, equities analysts predict that Canadian Pacific Kansas City will post 3.69 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.07%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Canadian Pacific Kansas City by 3.8% in the second quarter. GAMMA Investing LLC now owns 3,511 shares of the transportation company’s stock valued at $304,000 after acquiring an additional 130 shares during the last quarter. Foster Group Inc. raised its holdings in Canadian Pacific Kansas City by 3.3% during the 2nd quarter. Foster Group Inc. now owns 4,279 shares of the transportation company’s stock worth $371,000 after purchasing an additional 137 shares during the last quarter. Modern Wealth Management LLC raised its holdings in Canadian Pacific Kansas City by 1.2% during the 1st quarter. Modern Wealth Management LLC now owns 12,170 shares of the transportation company’s stock worth $950,000 after purchasing an additional 142 shares during the last quarter. Altshuler Shaham Ltd lifted its position in shares of Canadian Pacific Kansas City by 1.2% in the 1st quarter. Altshuler Shaham Ltd now owns 11,766 shares of the transportation company’s stock worth $926,000 after purchasing an additional 144 shares during the period. Finally, Cromwell Holdings LLC lifted its position in shares of Canadian Pacific Kansas City by 8.1% in the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock worth $143,000 after purchasing an additional 145 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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.