Canadian Pacific Kansas City Limited (NYSE:CP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have been assigned a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $95.29.

A number of research analysts have recently issued reports on CP shares. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. TD Securities downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Barclays lifted their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Stifel Nicolaus lifted their price objective on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th.

Canadian Pacific Kansas City Trading Down 0.0 %

Canadian Pacific Kansas City stock opened at $83.92 on Friday. The firm’s 50-day moving average is $87.11 and its 200-day moving average is $79.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a market cap of $78.27 billion, a P/E ratio of 26.73, a PEG ratio of 2.16 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. On average, equities analysts expect that Canadian Pacific Kansas City will post 3.21 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be paid a $0.1415 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.57 annualized dividend and a dividend yield of 0.67%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in CP. Dixon Mitchell Investment Counsel Inc. increased its position in shares of Canadian Pacific Kansas City by 1.8% in the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 232,543 shares of the transportation company’s stock worth $20,556,000 after acquiring an additional 4,066 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Canadian Pacific Kansas City by 28.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 590,411 shares of the transportation company’s stock worth $52,057,000 after acquiring an additional 131,759 shares in the last quarter. BKM Wealth Management LLC increased its position in shares of Canadian Pacific Kansas City by 27.9% in the first quarter. BKM Wealth Management LLC now owns 6,385 shares of the transportation company’s stock worth $563,000 after acquiring an additional 1,393 shares in the last quarter. Chapin Davis Inc. purchased a new position in shares of Canadian Pacific Kansas City in the first quarter worth approximately $449,000. Finally, Blue Zone Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter worth approximately $4,160,000. Institutional investors and hedge funds 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.