Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Target Price at $108.60

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has received an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $108.60.

Several research analysts have recently commented on CP shares. Barclays set a $102.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, June 25th. Susquehanna raised their price target on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Citigroup boosted their price objective on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Argus set a $105.00 price objective on Canadian Pacific Kansas City in a research note on Tuesday, June 16th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Fiduciary Financial Advisors purchased a new position in Canadian Pacific Kansas City during the 2nd quarter valued at $25,000. Prosperity Bancshares Inc purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $29,000. McMillan Office Inc. bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $31,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP stock opened at $89.31 on Friday. The firm has a market cap of $78.45 billion, a P/E ratio of 28.72, a P/E/G ratio of 1.86 and a beta of 1.12. The firm’s fifty day moving average is $91.71 and its 200 day moving average is $87.22. Canadian Pacific Kansas City has a 52 week low of $68.42 and a 52 week high of $96.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts predict that Canadian Pacific Kansas City will post 3.72 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.268 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is currently 25.08%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.