Canadian Pacific Kansas City (NYSE:CP) Stock Rating Reaffirmed by Susquehanna

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

Other research analysts also recently issued reports about the company. Barclays dropped their price target on Canadian Pacific Kansas City from $96.00 to $95.00 and set an overweight rating for the company in a research note on Tuesday, July 16th. Evercore lowered their price objective on shares of 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. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a market perform rating in a research report on Monday, July 8th. Scotiabank raised shares of Canadian Pacific Kansas City from a sector perform rating to a sector outperform rating in a research report on Wednesday, July 10th. 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 twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of Moderate Buy and a consensus price target of $95.70.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $78.81 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58. The stock has a market capitalization of $73.53 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The stock’s 50 day simple moving average is $79.80 and its 200 day simple moving average is $82.76.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts forecast that Canadian Pacific Kansas City will post 3.11 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in the business. 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 purchasing an additional 91,276 shares during the period. JARISLOWSKY FRASER Ltd increased its stake in Canadian Pacific Kansas City by 63.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock valued at $7,127,000 after buying an additional 34,856 shares during the period. Meritage Group LP purchased a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $207,850,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Canadian Pacific Kansas City by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after buying an additional 14,557 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Canadian Pacific Kansas City by 4.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock valued at $948,585,000 after buying an additional 507,177 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.