Susquehanna Reaffirms Neutral Rating for Canadian Pacific Kansas City (NYSE:CP)

Susquehanna reaffirmed their neutral rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research report released on Tuesday, Benzinga reports. The firm currently has a $80.00 target price on the transportation company’s stock.

Several other equities analysts have also weighed in on the stock. Bank of America cut their price objective on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a buy rating on the stock in a report on Thursday, April 25th. Evercore decreased their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating for the company in a research note on Thursday, April 25th. Evercore ISI decreased their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating on the stock in a report on Thursday, April 25th. Raymond James boosted their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an outperform rating in a report on Monday, April 22nd. Finally, Benchmark reiterated a hold rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $96.32.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $78.73 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The stock has a market capitalization of $73.45 billion, a P/E ratio of 25.23, a P/E/G ratio of 2.27 and a beta of 0.97. The business has a 50-day moving average of $79.74 and a two-hundred day moving average of $82.10. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, equities research analysts predict that Canadian Pacific Kansas City will post 3.14 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.63%.

Institutional Trading of Canadian Pacific Kansas City

Several large investors have recently bought and sold shares of the business. Operose Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth $78,000. Trustmark National Bank Trust Department bought a new position in Canadian Pacific Kansas City in the third quarter valued at about $508,000. Synovus Financial Corp boosted its stake in shares of Canadian Pacific Kansas City by 10.6% during the third quarter. Synovus Financial Corp now owns 44,941 shares of the transportation company’s stock valued at $3,344,000 after purchasing an additional 4,303 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Canadian Pacific Kansas City by 73.3% during the third quarter. Tower Research Capital LLC TRC now owns 15,423 shares of the transportation company’s stock worth $1,148,000 after purchasing an additional 6,521 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of Canadian Pacific Kansas City by 0.4% in the third quarter. Bank of Nova Scotia now owns 8,305,174 shares of the transportation company’s stock valued at $617,332,000 after buying an additional 36,287 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

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.