Stifel Nicolaus Raises Canadian Pacific Kansas City (NYSE:CP) Price Target to $83.00

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target hoisted by Stifel Nicolaus from $80.00 to $83.00 in a research note released on Friday, Benzinga reports. The firm currently has a hold rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com raised Canadian Pacific Kansas City from a sell rating to a hold rating in a report on Wednesday, January 31st. Susquehanna Bancshares cut Canadian Pacific Kansas City from a positive rating to a neutral rating and cut their price objective for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Scotiabank reaffirmed a sector perform rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Susquehanna lowered their price target on Canadian Pacific Kansas City from $85.00 to $84.00 and set a neutral rating on the stock in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. lowered their price objective on Canadian Pacific Kansas City from $121.00 to $116.00 and set an overweight rating on the stock in a research note on Thursday, December 21st. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of Hold and an average price target of $95.29.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $86.05 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $87.12 and its two-hundred day simple moving average is $79.13. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The firm has a market cap of $80.25 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 2.20 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.83 by $0.04. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. Analysts predict that Canadian Pacific Kansas City will post 3.21 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a $0.1415 dividend. This represents a $0.57 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several large investors have recently bought and sold shares of the stock. YCG LLC increased its holdings in shares of Canadian Pacific Kansas City by 32.5% in the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after acquiring an additional 91,276 shares during the last quarter. SG Americas Securities LLC lifted its position in Canadian Pacific Kansas City by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after acquiring an additional 12,748 shares during the period. Element Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $7,815,000. Asset Management One Co. Ltd. purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $5,392,000. Finally, WCM Investment Management LLC raised its stake in shares of Canadian Pacific Kansas City by 21.8% during the 3rd quarter. WCM Investment Management LLC now owns 38,100,632 shares of the transportation company’s stock worth $2,835,068,000 after buying an additional 6,819,305 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.