Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Target Price at $95.29

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) has been assigned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $95.29.

A number of research firms recently commented on CP. TD Securities cut Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America upped their price objective on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Jefferies Financial Group initiated coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 price target for the company. Finally, StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Canadian Pacific Kansas City by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock valued at $2,714,750,000 after buying an additional 585,049 shares during the last quarter. FMR LLC raised its position in Canadian Pacific Kansas City by 1.8% during the third quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after purchasing an additional 553,163 shares during the period. TD Asset Management Inc raised its position in Canadian Pacific Kansas City by 47.7% during the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares during the period. Norges Bank purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $1,136,503,000. Finally, Mackenzie Financial Corp raised its position in Canadian Pacific Kansas City by 5.9% during the fourth quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock valued at $1,122,370,000 after purchasing an additional 787,608 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.9 %

CP stock opened at $84.68 on Friday. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58. The business has a fifty day moving average price of $87.10 and a 200-day moving average price of $79.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $78.97 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.17 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. Equities analysts forecast that Canadian Pacific Kansas City will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. The ex-dividend date is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.83%.

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.