Canadian Pacific Kansas City (NYSE:CP) Price Target Raised to $97.00

by · The Markets Daily

Canadian Pacific Kansas City (NYSE:CP – Free Report) (TSE:CP) had its price target boosted by Barclays from $95.00 to $97.00 in a report issued on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

A number of other research firms have also recently commented on CP. Susquehanna reaffirmed a neutral rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Scotiabank upgraded Canadian Pacific Kansas City from a sector perform rating to a sector outperform rating in a research report on Wednesday, July 10th. Wells Fargo & Company started coverage on Canadian Pacific Kansas City in a report on Friday, June 7th. They issued an overweight rating and a $90.00 price target on the stock. Stifel Nicolaus boosted their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a hold rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group cut their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a buy rating on the stock in a research report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $96.59.

Get Our Latest Analysis on CP

Canadian Pacific Kansas City Trading Down 0.1 %

Shares of CP stock opened at $85.44 on Wednesday. The company has a market cap of $79.74 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The stock’s 50 day simple moving average is $82.31 and its two-hundred day simple moving average is $82.48. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. Research analysts predict that Canadian Pacific Kansas City will post 3.1 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced 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 is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter worth about $32,000. Chris Bulman Inc purchased a new position in shares of Canadian Pacific Kansas City during the second quarter worth $35,000. ORG Partners LLC acquired a new position in Canadian Pacific Kansas City during the second quarter valued at $39,000. Tobam purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at $51,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $61,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

(Get Free Report)

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.

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