Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $105.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target raised by Susquehanna from $98.00 to $105.00 in a report published on Tuesday morning,Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

A number of other research firms also recently commented on CP. Wells Fargo & Company boosted their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Evercore reiterated an “outperform” rating and issued a $96.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, October 29th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 29th. Zacks Research lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Finally, Weiss Ratings cut Canadian Pacific Kansas City from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.58.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $93.77 on Tuesday. Canadian Pacific Kansas City has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The firm’s 50-day simple moving average is $88.56 and its 200 day simple moving average is $86.32. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 0.48. The stock has a market cap of $81.61 billion, a P/E ratio of 30.05, a P/E/G ratio of 1.99 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.03). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.96 billion. Canadian Pacific Kansas City had a return on equity of 9.27% and a net margin of 24.14%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 EPS. Equities analysts expect that Canadian Pacific Kansas City will post 3.67 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 25th. Investors of record on Thursday, December 31st will be paid a dividend of C$0.27 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.07 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 24.04%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently bought and sold shares of CP. Fifth Third Bancorp boosted its position in Canadian Pacific Kansas City by 0.8% during the third quarter. Fifth Third Bancorp now owns 62,946 shares of the transportation company’s stock valued at $5,357,000 after purchasing an additional 491 shares during the last quarter. King Luther Capital Management Corp increased its position in Canadian Pacific Kansas City by 2.0% in the 3rd quarter. King Luther Capital Management Corp now owns 13,745 shares of the transportation company’s stock worth $1,170,000 after purchasing an additional 268 shares during the last quarter. Maryland State Retirement & Pension System increased its position in Canadian Pacific Kansas City by 1.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 101,998 shares of the transportation company’s stock worth $8,685,000 after purchasing an additional 1,163 shares during the last quarter. Jacobi Capital Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $124,000. Finally, Walter Public Investments Inc. raised its stake in shares of Canadian Pacific Kansas City by 1.8% during the 3rd quarter. Walter Public Investments Inc. now owns 120,342 shares of the transportation company’s stock worth $10,242,000 after purchasing an additional 2,120 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

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