Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 7,110,000 shares, a growth of 5.2% from the December 31st total of 6,760,000 shares. Based on an average daily volume of 2,850,000 shares, the short-interest ratio is currently 2.5 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $33,000. Addison Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth $34,000. Finally, Stonebridge Financial Group LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $34,000. 72.20% of the stock is currently owned by institutional investors.
Canadian Pacific Kansas City Stock Performance
Canadian Pacific Kansas City stock opened at $77.10 on Wednesday. Canadian Pacific Kansas City has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The firm’s fifty day moving average price is $75.36 and its 200-day moving average price is $78.89. The stock has a market cap of $71.98 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.
Canadian Pacific Kansas City Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.62%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on CP. Citigroup increased their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Sanford C. Bernstein dropped their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada lifted their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday. Finally, Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.45.
Canadian Pacific Kansas City Company Profile
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.
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