Canadian Pacific Kansas City (NYSE:CP) Sets New 52-Week Low – What’s Next?

by · The Cerbat Gem

Canadian Pacific Kansas City Limited (NYSE:CP – Get Free Report) (TSE:CP)’s share price reached a new 52-week low on Thursday . The stock traded as low as $71.94 and last traded at $71.94, with a volume of 423166 shares changing hands. The stock had previously closed at $73.01.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Barclays increased their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their price target for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Finally, Evercore ISI upped their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

Check Out Our Latest Stock Analysis on CP

Canadian Pacific Kansas City Stock Up 1.6 %

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $67.45 billion, a PE ratio of 25.81, a PEG ratio of 2.26 and a beta of 0.96. The company has a 50 day moving average price of $76.65 and a 200-day moving average price of $79.70.

Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 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 company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed 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. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. 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 0.77%. Canadian Pacific Kansas City’s dividend payout ratio is 20.00%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently modified their holdings of CP. Mirova US LLC bought a new stake in Canadian Pacific Kansas City in the second quarter worth $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Canadian Pacific Kansas City by 398.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after buying an additional 1,678,784 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Canadian Pacific Kansas City by 84.4% during the third quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock valued at $251,778,000 after buying an additional 1,348,474 shares during the last quarter. Wulff Hansen & CO. raised its holdings in Canadian Pacific Kansas City by 8,261.4% in the 2nd quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after acquiring an additional 932,216 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $63,179,000. 72.20% of the stock is 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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