Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $89.00 at Evercore ISI

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price objective cut by Evercore ISI from $90.00 to $89.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Several other equities research analysts have also recently issued reports on CP. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a buy rating and a $105.00 price objective for the company. Susquehanna lowered their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a neutral rating for the company in a report on Thursday. Barclays increased their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Scotiabank reaffirmed a sector perform rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Finally, Bank of America increased their price target on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $96.42.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of NYSE CP opened at $81.68 on Thursday. The business’s 50 day moving average price is $87.04 and its 200-day moving average price is $79.85. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.46 and a current ratio of 0.49. The company has a market cap of $76.18 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.11 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. On average, sell-side analysts expect that Canadian Pacific Kansas City will post 3.16 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sands Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth $31,000. Anchor Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth $40,000. Independence Bank of Kentucky acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $43,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $45,000. Finally, Rational Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter valued at about $52,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.