Morgan Stanley reiterated their equal weight rating on shares of Kansas City Southern (NYSE:KSU) in a research report report published on Thursday morning. Morgan Stanley currently has a $102.00 price target on the transportation company’s stock, up from their prior price target of $97.00.
KSU has been the topic of a number of other reports. Zacks Investment Research upgraded Kansas City Southern from a hold rating to a buy rating and set a $125.00 price objective on the stock in a research note on Wednesday, January 24th. Credit Suisse Group reiterated an outperform rating and issued a $121.00 price objective (down from $126.00) on shares of Kansas City Southern in a research note on Thursday. Goldman Sachs Group started coverage on Kansas City Southern in a research note on Monday, November 13th. They issued a neutral rating and a $109.00 price objective on the stock. Finally, BMO Capital Markets reiterated a hold rating and issued a $109.00 price objective on shares of Kansas City Southern in a research note on Friday, November 24th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $115.53.
Kansas City Southern (NYSE KSU) opened at $111.65 on Thursday. Kansas City Southern has a 1-year low of $81.54 and a 1-year high of $114.85. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $11,510.00, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Monday, March 12th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, March 9th. Kansas City Southern’s dividend payout ratio (DPR) is presently 27.59%.
In other Kansas City Southern news, CMO Brian D. Hancock sold 2,325 shares of Kansas City Southern stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $113.00, for a total transaction of $262,725.00. Following the sale, the chief marketing officer now directly owns 19,455 shares of the company’s stock, valued at $2,198,415. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry J. Maier acquired 1,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $104.35 per share, for a total transaction of $104,350.00. Following the completion of the acquisition, the director now directly owns 5,159 shares of the company’s stock, valued at approximately $538,341.65. The disclosure for this purchase can be found here. 0.95% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Delpha Capital Management LLC acquired a new stake in Kansas City Southern during the fourth quarter valued at approximately $102,000. Cerebellum GP LLC acquired a new stake in Kansas City Southern during the fourth quarter valued at approximately $116,000. Tower Research Capital LLC TRC boosted its holdings in Kansas City Southern by 182.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the transportation company’s stock valued at $149,000 after purchasing an additional 914 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Kansas City Southern during the third quarter valued at approximately $160,000. Finally, Jump Trading LLC acquired a new stake in Kansas City Southern during the fourth quarter valued at approximately $214,000. 86.69% of the stock is currently owned by institutional investors.
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Kansas City Southern Company Profile
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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