Canadian Pacific Kansas City (NYSE:CP) Price Target Lowered to $76.00 at Stifel Nicolaus

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target lowered by Stifel Nicolaus from $82.00 to $76.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

CP has been the subject of a number of other reports. Stephens upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $81.00 to $88.00 in a research report on Monday, January 6th. Bank of America decreased their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Susquehanna reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $93.10.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $74.52 on Thursday. The company’s fifty day simple moving average is $74.83 and its two-hundred day simple moving average is $79.22. The firm has a market cap of $69.57 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 12-month low of $70.89 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the firm posted $0.69 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts expect that Canadian Pacific Kansas City will post 3.02 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 19.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Grove Bank & Trust increased its position in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $34,000. Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $38,000. Finally, Kennebec Savings Bank acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $42,000. 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.