Canadian Pacific Kansas City (NYSE:CP) Price Target Increased to $89.06 by Analysts at Sanford C. Bernstein

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target raised by Sanford C. Bernstein from $88.50 to $89.06 in a research report report published on Monday, Benzinga reports. The brokerage currently has a market perform rating on the transportation company’s stock.

A number of other equities analysts have also issued reports on CP. Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a hold rating for the company in a research report on Thursday, April 25th. Benchmark reiterated a hold rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Evercore decreased their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating for the company in a research report on Thursday, April 25th. Evercore ISI decreased their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating for the company in a research report on Thursday, April 25th. Finally, Susquehanna reiterated a neutral rating and issued a $80.00 target price on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 25th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of Moderate Buy and a consensus target price of $95.95.

Canadian Pacific Kansas City Stock Up 2.5 %

Shares of NYSE:CP opened at $83.27 on Monday. The stock has a market capitalization of $77.70 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58. The company’s fifty day moving average is $79.43 and its two-hundred day moving average is $82.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Equities analysts anticipate that Canadian Pacific Kansas City will post 3.15 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is currently 17.63%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently modified their holdings of CP. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $979,890,000. TD Asset Management Inc raised its stake in shares of Canadian Pacific Kansas City by 47.7% during the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after purchasing an additional 6,835,271 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Canadian Pacific Kansas City by 757.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock worth $342,191,000 after purchasing an additional 3,801,910 shares in the last quarter. Meritage Group LP bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $207,850,000. Finally, Clearbridge Investments LLC raised its stake in shares of Canadian Pacific Kansas City by 36.3% during the 4th quarter. Clearbridge Investments LLC now owns 7,581,167 shares of the transportation company’s stock worth $599,367,000 after purchasing an additional 2,018,375 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.